Grains Turn Mixed Trying to Establish Short Term Bottoms: Firmer Cash Supports LC, Milk Markets Struggle

Grains mixed after a higher start looking for support but is this bottoming action? LC trade firmer cash but cautious ahead of the COF. Milk markets struggle w/demand & supply. Bryan Doherty, Total Farm Marketing.

Grains turned mixed after the higher start with the market trying to find support but is this bottoming action? And do we have most of the bearish news priced in yet? Live cattle see support from firmer cash but are cautious ahead of the COF. Milk markets continue to struggle with demand and supply issues. Bryan Doherty of Total Farm Marketing sums it up.

AgWeb-Logo crop
Related Stories
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.
Read Next
Get News Daily
Get Market Alerts
Get News & Markets App