Grains try to recover midday with help from the reversal in outside markets like crude oil. Live cattle are mixed after new highs Monday with bullish hopes for the USDA Cattle Inventory Report. Hogs lower with the futures premium to the LHI and softer cash. Scott Varilek of Kooima Kooima Varilek has details.
Grains Try to Recover Midday with Help From Reversal in Outside Markets: Live Cattle Mixed Ahead of Cattle Inventory
Grains try to recover midday with help from the reversal in outside markets. Live cattle are mixed with bullish hopes for the USDA Cattle Inventory Report. Scott Varilek of Kooima Kooima Varilek has details.
January 31, 2023 02:47 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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