Grains Rally Back on Holiday, Technical Buying: Livestock Lower, Cattle Fade Higher Cash

Grains rally back into the close with technical buying and holiday positioning. Cattle closed lower even with higher cash, hogs also sold off. Michelle Rook w/ Mike Minor of Professional Ag Marketing.

Grains rally back into the close with technical buying and holiday positioning, but the 4 mb export sale to China was helpful as well as higher seasonals. Cattle closed lower a disappointment with higher cash, hogs also sold off. Michelle Rook talks with Mike Minor of Professional Ag Marketing.

AgWeb-Logo crop
Related Stories
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.
Get News Daily
Get Market Alerts
Get News & Markets App