Grains mostly higher except wheat. Soybeans and products lead on drier extended weather forecasts, corrective buying and pre-report positioning. Will USDA lower yield this soon? Cattle and hogs trade mixed. Randy Martinson, Martinson Ag has more.
Grains Mostly Higher, Led by Soybeans on Weather, Corrective Buying, Report Squaring: Livestock Mixed
Grains mostly higher led by soybeans on drier extended weather, corrective buying and pre-report positioning. Will USDA lower yield this soon? Cattle and hogs trade mixed. Randy Martinson, Martinson Ag has more.
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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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