Grains rallied after several bullish surprises in the USDA report numbers with soybeans back above $15 but it the news enough to keep the markets moving higher? Meanwhile, livestock set back in response to higher corn and in the case of hogs, lower cash. DuWayne Bosse with Bolt Marketing has details.
Grains Rally After Bullish Surprises in USDA Reports: Will the Market Keep Going?
Grains rallied after several bullish surprises in the USDA report numbers but it the news enough to keep the markets moving higher? Livestock set back in response. DuWayne Bosse with Bolt Marketing has details.
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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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