Grains mostly higher as a couple private companies cease exports in Russia and China buys more corn. However, many markets are running into chart resistance. Cattle supported by strong cash ideas and hogs see more fund selling. Vince Boddicker of Farmers Trading Company has details.
Grains Mostly Higher on Russia Export News, China Demand: Cattle Strong, but Hogs Weak
Grains mostly higher as some private companies cease exports in Russia and China buys more corn. Cattle supported by strong cash ideas and hogs see more fund selling. Vince Boddicker of Farmers Trading Company.
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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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