Grains mixed ahead of the WASDE but also trading weather. Cattle are seeing some profit taking after new highs, while hogs bounce off new contract lows Thursday. Randy Martinson of Martinson Ag has more.
Grains Mixed Ahead of WASDE, Trading Weather: Cattle See Profit Taking Hog Try to Bounce Off Fresh Lows
Grains mixed ahead of the WASDE but also trading weather. Cattle are seeing some profit taking after new highs, while hogs hit new lows then try to bounce. Randy Martinson of Martinson Ag has more.
April 10, 2023 01:25 PM
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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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