Grains still higher with technical buying, putting in war premium. Wheat is leading though on production concerns pushing Jul KC wheat over $9. Livestock cattle are consolidating after the higher week, while funds are covering shorts in hogs with the firmer LHI. DuWayne Bosse of Bolt Marketing has details.
Grains See Fund Buying on Lower Wheat Production and Putting in War Premium: Livestock Higher Except Live Cattle
Grains up as funds put in war premium. Wheat leads on crop concerns with Jul KC over $9. Livestock cattle are consolidating after the higher week, while the higher LHI helps hogs. DuWayne Bosse of Bolt Marketing.
May 15, 2023 11:36 AM
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