Grains rebound with technical buying under light holiday volume but are we trading weather? Live cattle set back on profit taking ahead of the COF report, with hogs lower following cash. Brian Grete of Pro Farmer has analysis.
Grains See Technical Rebound with Light Holiday Volume: LC and Hogs End Lower
Grains rebound on technical buying with thin holiday volume, but can soybeans hit $15? Live cattle lower on profit taking ahead of COF report, with hogs following lower cash. Brian Grete, Pro Farmer has analysis.
December 20, 2022 02:31 PM
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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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