Grains continue higher with corn and wheat putting in war premium and pulling soybeans along. How high do we go if corn can close above $7? Cattle react negatively to higher corn, while hogs continue to see technical buying. Michelle Rook gets analysis with Jeff Hoogendoorn of Professional Ag Marketing.
Markets Continue Higher Except Cattle: Wheat and Corn Put in War Premium Which Weighs on Cattle
Grains higher with corn and wheat putting in war premium, pulling soybeans up. Cattle sell off with higher corn, while hogs see technical buying. Michelle Rook talks to Jeff Hoogendoorn, Professional Ag Marketing.
October 10, 2022 11:26 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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