Grain markets try to recovery after an ugly week, is this just an end of month dead cat bounce or is the market bottoming? Cattle consolidating with some $173 cash in the south today but higher beef, end of month corrective buying in hogs. Darren Frye Water Street Solutions has more.
Grains Try to Recover After an Ugly Week But is the Market Bottoming? Cattle Consolidating, End of Month Bounce in Hogs
Grain markets try to recovery after an ugly week, is this just an end of month dead cat bounce or is the market bottoming? Cattle consolidating but short covering in hogs. Darren Frye Water Street Solutions has more.
April 28, 2023 11:27 AM
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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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