Grains leaning higher with more China corn sales, calmer outside markets and report positioning. Livestock futures see profit taking after a higher day yesterday but cash cattle is expected to be higher this week which should keep the market supported. Brad Kooima of Kooima Kooima Varilek has more.
Grains Lean Higher with Calm Outside Markets, China Biz, Await Reports: Profit Taking in Livestock
Grains lean higher with China corn sales, calmer outside markets and report positioning. Livestock futures see profit taking but cash cattle called higher this week. Brad Kooima of Kooima Kooima Varilek has more.
March 28, 2023 09:07 AM
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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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