Grains strong putting in weather premium and positioning ahead of the holiday. Follow through buying in live cattle after contract highs with higher corn pressing feeders. And demand concerns especially tied to Prop 12 are pulling hogs into contract lows again. Mike Minor of Professional Ag Marketing covers it all!
Grains Higher on Weather, Pre-Holiday Positioning: Live Cattle Extend Gains, More Contract Lows in Hogs
Grains higher on weather and pre-holiday positioning. Fund buying in live cattle after contract highs, higher corn presses feeders. Hog hit contract lows on demand concerns. Mike Minor, Professional Ag Marketing.
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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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