Grains putting in weather premium ahead of the holiday but what will it take to keep going? Live cattle hit more new highs with strong cash and cutouts but what’s it going to take to bottom the hog market? Ted Seifried, Zaner Ag Hedge has the answers.
Grains Put in Weather Premium Before the Holiday: LC Follow Higher Cash, But What Will it Take To Bottom Hogs?
Grains put in weather premium ahead of the holiday but what will it take to keep going? LC hit new highs with strong cash and cutouts but what’s it going to take to bottom the hogs? Ted Seifried, Zaner Ag Hedge.
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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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