Grains end sharply higher on Friday and for the week on fund buying and weather concerns. If it stays dry how high will prices run and should farmers be selling? Cattle bounce but is a short term bottom in? Hogs mixed Friday but up strong for the week. Bryan Doherty, Total Farm Marketing has the wrap up.
Grains up Sharply for Week on Fund Buying, Weather: Cattle Recover, Hogs Have Up Week
Grains end sharply higher Friday, for week on fund buying & weather concerns. If it stays dry how high will prices run? Cattle bounce but is a bottom in? Hogs up for the week. Bryan Doherty, Total Farm Marketing.
June 16, 2023 03:07 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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