Grains higher with technical buying, weather and export news all factors. Cattle seeing profit taking awaiting cash, while hogs see some short covering. Michelle Rook has details.
Grains Higher on Technical Buying, Weather and Export News: Cattle See Profit Taking
Grains higher with technical buying, weather and export news all factors. Cattle seeing profit taking awaiting cash, while hogs see some short covering. Michelle Rook has details.
January 26, 2023 02:06 PM
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Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
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