Grains higher on fund buying, weather and even wheat got a spark from news of India importing wheat. Cattle recovered ahead of the bullish COF with higher cutouts and Sept. milk had a chart breakout. Bryan Doherty, Total Farm Marketing has analysis.
Grains Rally on Weather and Fund Buying, Row Crops Have Higher Week: Cattle Recover, Milk Has Bullish Chart Breakout
Grains higher on fund buying, weather and news of India importing wheat. Cattle recovered pre-COF with higher cutouts and Sept. milk had a chart breakout. Bryan Doherty, Total Farm Marketing has analysis.
August 18, 2023 02:42 PM
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.
Read Next
Researchers estimate a glyphosate ban could cost Illinois corn and soybean growers $300 million to $609 million a year.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
