Grains strong with fund buying on dry weather, Drought Monitor. Corn got above the 100 day moving average, so how high will it push? Cattle correcting but will we continue to hold chart support? Chip Nellinger, Blue-Reef Agri-Marketing has more.
Grains Rally on Weather, Drought Monitor, Fund Buying but How High do Prices Go?: Cattle Lower But Holding Support
Grains strong with fund buying on dry weather, Drought Monitor. How high could prices go? Cattle correcting but will we continue to hold chart support? Chip Nellinger, Blue-Reef Agri-Marketing has the answers.
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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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