Grains end mostly higher as soybeans extend their rally with Argentina weather concerns and fresh demand supportive, corn saw a second day of corrective buying. Cattle ended higher with the bounce in product. Light cash in the south at $154. Hogs consolidated after poor weekly exports. Michelle talks to Naomi Blohm with Total Farm Marketing.
Grains Mostly Higher as Soybeans See Export Demand: Livestock Mixed
Grains end mostly higher as soybeans w/Argentina weather, fresh demand supportive, technical buying in corn. Cattle higher w/firmer product. Poor weekly exports hit hogs. Naomi Blohm with Total Farm Marketing.
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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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