Corn higher, soybeans lower, wheat mixed to start. There is some spread trade and the market has factored in acres and weather and is now trying to gear up for the next WASDE report which may give us a look at yield and ending stocks. Is the cotton market ready to break out of its sideways pattern? Cattle correct for a second day. Shawn Hackett, Hackett Financial Advisors has more.
Grains Mixed Looking Ahead to WASDE for Direction: When Will Cotton Quit Trading Sideways and Will Cattle Correct More?
Grains mixed on spreads and looking ahead to the WASDE for yield and ending stocks direction. Is the cotton market ready to break out technically? Cattle consolidating. Shawn Hackett, Hackett Financial Advisors.
July 06, 2023 09:13 AM
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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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