Grain and livestock futures all higher with a risk on day in outside markets, plus positioning ahead of USDA reports and end of the quarter brought some short covering. Mark Schultz of Northstar Commodity has details.
A Higher Day in Grain and Livestock: Risk on Outside Markets, Report Positioning Drive Action
Grain and livestock futures higher with a risk on day in outside markets, plus positioning ahead of USDA reports and end of the quarter brought some short covering. Mark Schultz of Northstar Commodity has details.
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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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