Grains were leaning higher on Friday in a quiet session but were all down slightly for the week. Row crops are searching for direction and the next bullish story out of South America. Wheat may start to put in war premium with upcoming talks on the Black Sea Export deal. Live cattle scored contact highs with higher cash. Southern deals were $162 up $2. $257 in the north.
Grains Leaning Higher Friday but Down for the Week Looking for Direction: Live Cattle Make Contract Highs with Higher Cash
Grains leaning higher Friday but down for the week and searching for direction. Livestock lower except live cattle which hit more contract highs with higher cash. Chip Nellinger Blue Reef Agri-Marketing has analysis.
February 17, 2023 02:30 PM
Related Stories
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.
Read Next
Was Ron Fode’s real crime saving his crops? “The state tried to bury us, but the truth is hard to hide,” he says.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
