Grains end mostly lower except the hard red wheat classes, consolidating on weather, WASDE positioning and money flow. Cattle bounce with help from futures discount to cash, while hogs wait for cash to catch up. Brian Grete, Pro Farmer has details.
Grains Lower Except Hard Wheats Consolidating on Weather, Report Positioning, Money Flow: Cattle Higher Helped by Futures Discount to Cash
Grains end mostly lower except hard red wheats on weather, WASDE positioning and money flow. Cattle bounce with help from futures discount to cash, while hogs wait for cash to catch up. Brian Grete, Pro Farmer.
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Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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.
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