Grains are mixed midday, as the markets continue to consolidate under Monday’s highs. So are the tops in soybeans, meal and corn without further problems in South America? Cotton continues to slide despite lower acres. While cattle are also seeing profit taking under Monday’s contract highs waiting for cash news. Darren Frye of Water Street Solutions has details.
Grains Mixed Consolidating off Monday’s Highs Assessing Exports and SA Crop Size: Cotton and Livestock Lower
Grains mixed still consolidating under Monday’s highs. Are the tops in for now? Cotton is lower on economic concerns. Cattle also consolidate ahead of cash. Darren Frye of Water Street Solutions has more.
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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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