Grains mixed still trading weather and positioning ahead of the WASDE. Soybeans are up, while corn sees profit taking and a drag from lower wheat as talks resume on Black Sea Grain deal. Live cattle make all-time highs again with some cash up to $300 yesterday in the north. Hogs consolidate after a big up day yesterday. Mark Schultz, Northstar Commodity has details.
Grains Mixed on Weather, WASDE, Black Sea Grain Deal Talks: All-Time Highs Continue in Cattle with Cash up to $300
Grains mixed on weather, pre-WASDE squaring & talks resuming on Black Sea Grain deal. Live cattle make all-time highs again with cash up to $300. Hogs consolidate. Mark Schultz, Northstar Commodity.
June 07, 2023 09:21 AM
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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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