Grains turn mixed on weather, export demand and pre-WASDE positioning. Cattle rebound on sharply higher wholesale beef, while deferred hogs fail with lower cash and cutouts. What is the outlook for crude oil? Rich Nelson of Allendale covers it all.
Grains Mixed on Weather, Export News, WASDE Positioning: Cattle Rebound with Higher Beef
Grains mixed on weather, export demand and pre-WASDE positioning. Cattle rebound on sharply higher beef, while deferred hogs fall with lower cash. What is the outlook for crude oil? Rich Nelson of Allendale.
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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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