Grains are mixed on report squaring with lower yields expected, while SRW wheat makes new contract lows with Russia export pressure. Feeders make all-time highs and pull fed futures, while hogs bounce off trendline support with the help of higher cutouts. Kent Beadle, Paradigm Futures, has more.
Grains Mixed Ahead of WASDE with Contract Lows in CH Wheat: Feeders Make More All-Time Highs, Hogs Bounce Off Chart Support
Grains mixed on report squaring with lower yield ideas, SRW wheat makes new contract lows. Feeders hit all-time highs and pull fed futures, hogs bounce off trendline support. Kent Beadle, Paradigm Futures, has more.
September 11, 2023 11:33 AM
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
In a seismic ruling, the Pennsylvania Supreme Court ruled that wildlife officers may not enter private land without probable cause.
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.
