Grains See Technical Bounce Trading Weather: Cattle Break to New Highs With Rising Cash Bids

Grains see technical bounce putting in weather premium. Cattle back into contract highs with higher cash bids being passed, while hogs are consolidating. Darren Frye, Water Street Solutions has details.

Grains continue to see a technical bounce putting in weather premium but it could be volatile ahead. Cattle back into contract highs with higher cash bids being passed and higher boxed beef, while hogs are consolidating. Darren Frye, Water Street Solutions has details.

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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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