Soybeans rebounding following meal and with Argentina crop concerns continuing, while wheat and corn trade on both sides of steady. Livestock rebound with strong cash and cutouts. Randy Martinson of Martinson Ag.
Grains Mixed Early with Soybeans and Meal Rebounding: Livestock Bounce with Stronger Cash and Cutouts
Soybeans rebounding following meal and with Argentina crop concerns, wheat and corn trade on both sides of steady. Livestock rebound with strong cash and cutouts. Randy Martinson of Martinson Ag.
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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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