Grains see short covering heading in the WASDE, but just how important is this report and how different could the results be from July or expectations? Plus, what does the Fed do with Thursday’s CPI number and will cattle continue to hold together with impending seasonal weakness? Ted Seifried of Zaner Ag Hedge has the answers.
Grains Pop Pre-Report but Will USDA Lower Yield and Where do Prices Go if They Don’t?
Grains see short covering pre-WASDE, but just how important is this report and how different could results be from July? Plus, can cattle keep shaking off seasonal weakness? Ted Seifried of Zaner Ag Hedge has answers.
August 10, 2023 02:56 PM
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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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