Grains see a corrective buying with some export biz and dry Argentina weather, but will it hold? Cattle lower after steady cash, poor exports. Hogs lower following cash. Chuck Shelby of Risk Management Commodities has more.
Grains See Corrective Buying After Tough Week but Will it Hold? Cattle Lower After Steady Cash
Grains see a corrective buying with some export biz and dry Argentina weather, but will it hold? Cattle lower after steady cash, hogs lower following cash. Chuck Shelby of Risk Management Commodities has more.
January 06, 2023 09:05 AM
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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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