Corn and wheat end higher but will there be any follow through buying tomorrow? Soybeans and meal continue to put in SA weather premium. Live cattle end mostly higher with higher cutouts, feeders lower with higher corn, short covering in hogs. Chuck Shelby of Risk Management Commodities has details.
Grains Rally but Will There be Any Follow Through? Livestock Consolidate
Corn and wheat higher but will there be any follow through buying? Soybeans and meal putting in SA weather premium. Live cattle lean higher with cutouts up. Chuck Shelby of Risk Management Commodities.
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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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