Grains close mostly higher with technical buying and putting in weather premium on the forecast and Drought Monitor. Cattle make new highs on sharply higher cash with consolidation in hogs. Chip Nellinger, Blue Reef Agri-Marketing has details.
Grains See Technical Recovery, Put in Weather Premium: Cattle Hit Contract Highs Chasing Sharply Higher Cash
Grains close mostly higher with technical buying and putting in weather premium. Cattle make new highs on sharply higher cash with consolidation in hogs. Chip Nellinger, Blue Reef Agri-Marketing has details.
June 01, 2023 02:43 PM
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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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