Cattle mxed with hogs lower at midday but what is it going to take to bottom the hog market? Grains trying to hold gains led by wheat, which may be putting risk premium in. Have soybeans taken out enough Argentina weather premium? Jeff Hoogendoorn of Professional Ag Marketing has analysis.
Livestock Mixed, Cattle Awaiting Cash Direction: Grains Firmer Led by Wheat but Have Soybeans Taken Out Enough Weather Premium?
Livestock mixed, with cattle awaiting cash direction. Grains trying to hold gains led by wheat, have soybeans taken out enough weather premium? Jeff Hoogendoorn of Professional Ag Marketing has analysis.
January 25, 2023 11:45 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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