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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Joe Kooima of Kooima Kooima Varilek says the reaction was a bit muted considering the placements were well below estimates. However, he says some of it was already priced in.
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