Grains open higher except soybeans, with technical buying and renewed concerns about the Black Sea conflict supporting wheat, corn is following. Soybeans seeing harvest pressure and lower soybean oil a drag. Livestock futures are mixed seeing some corrective buying in hogs, but more fund liquidation in cattle after a down day Tuesday. However, all the markets remain sensitive to outside market action. Michelle Rook talks with Darren Frye of Water Street Solutions.
Grains Mostly Higher with Renewed Black Sea Export Concerns: Livestock Mixed
Grains mostly higher on renewed concerns about the Black Sea exports. Soybeans trying to follow. Livestock futures mixed. Michelle Rook talks with Darren Frye of Water Street Solutions.
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Mike Castle of StoneX says corn and soybeans added some war premium on Friday but are trading under recent highs. What could trigger a rally to retest those prices?
Scott Varilek with Kooima Kooima Varilek says the pressure came from fund long liquidation and was continuing on Friday with significant chart damage done.
Jon Scheve with Scheve Grain says the grain markets are looking for bullish news and without China purchases soon have the grain markets put highs in?
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