Grains rebounded on short covering, China corn export biz and lower winter wheat ratings. Livestock still under pressure with the macroeconomic jitters tied to the bank failures causing fund selling. Kent Beadle of Paradigm Futures has details.
Grains Rebound Tuesday on Short Covering, China Biz, Wheat Ratings: Fund Selling Continued in Livestock with Banking Turmoil
Grains see short covering on China corn export biz, lower wheat ratings. Livestock see fund selling with the macroeconomic jitters tied to the bank failures. Kent Beadle of Paradigm Futures.
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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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