Markets End in the Green! Soybeans & Meal Lead, Trigger a Key Reversal in Corn: Cattle See Corrective Buying Off New Lows

Beans & meal up on SA weather, China export biz. Corn scores a key reversal but is it bottoming? Wheat is a reluctant follower. Cattle bounce off new lows. Hogs anticipate a cash low. Brian Grete, Pro Farmer, has more.

Soybeans and new contract highs in meal fuel the rally putting in SA weather premium and as export business picks up to China. Corn scores a key reversal following soybeans, but is it bottoming? Wheat is a reluctant follower. Cattle bounce off new lows but will funds continue to sell into this Friday’s COF Report? Hogs anticipate a seasonal cash low. Brian Grete, Pro Farmer, covers it all.

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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.
Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
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