Soybeans and meal are higher with corrective buying and putting back in some Argentina weather premium, corn is trying to follow, but poor exports are a headwind. Poor demand is also a factor for wheat. Cattle and hogs see follow through selling and disappointing cash. Joe Vaclavik of Standard Grain has analysis.
Joe Vaclavik Says Soybean Putting in SA Weather Premium, Corn Struggles with Poor Demand: Livestock Continue Lower
Soybeans higher on corrective buying, dry Argentina weather. Corn tries to follow but poor exports are a headwind. Cattle & hogs see follow through selling, trade cash. Joe Vaclavik of Standard Grain has analysis.
January 06, 2023 11:11 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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