Grains end sharply higher with limit up moves in wheat putting in risk premium on the escalating Black Sea war and hot dry weather. How high will prices run? Cattle see profit taking with higher corn and a bearish Cattle on Feed placements number. Hogs consolidate. Oliver Sloup, Blue Line Futures has details.
Grains Sharply Higher, Limit up in Wheat on War and Weather Headlines: Livestock Consolidate with Higher Feed, Bearish COF
Grains sharply higher adding risk premium on the escalating Black Sea war and hot dry weather. Cattle see profit taking on higher corn and a bearish COF. Hogs consolidate. Oliver Sloup, Blue Line Futures has more.
July 24, 2023 02:29 PM
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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