Grains are mostly higher this morning with word Cargill is stopping exports out of Russia, plus another 8 mb of China corn sales and they could be looking for beans as well. Live cattle slightly higher with risk on outside markets and strong fundamentals. Kevin Duling of KD Investors has analysis.
Grains Mostly Higher as Cargill Stops Russian Exports, China Buys Corn....Again
Grains mostly higher as Cargill stops Russia exports, plus another 8 mb of China corn sales and they could be looking for beans. Live cattle slightly higher with risk on outside markets. Kevin Duling, KD Investors.
March 29, 2023 09:09 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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