Grains mixed and 2-sided early with report positioning, end of month and end of quarter, corn did see a 4.4 mb export sale. Livestock higher early on short covering and risk on in outside markets but will gains hold? Chip Nellinger of Blue Reef Agri-Marketing has more.
Grains Mixed Positioning Ahead of Reports and End of Quarter: Livestock Higher Early
Grains mixed early with report and end of quarter positioning, corn did see 4.4 mb of export biz. Livestock higher but will gains hold? Chip Nellinger, Blue Reef Agri-Marketing.
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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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