Mostly higher markets at midday except soybeans, as wheat sees a corrective bounce and pulls corn along, while harvest pressure and lower soybean meal hits the soybeans. Livestock futures are seeing corrective buying. Michelle Rook has analysis with Pat Von Tersch of Professional Ag Marketing.
Markets Mostly Higher Midday Except Soybeans: Wheat Pulls Corn Higher, Corrective Buying in Livestock
Mostly higher markets except soybeans, as wheat sees a corrective bounce and pulls corn along. Livestock futures are seeing corrective buying. Michelle Rook talks to Pat Von Tersch of Professional Ag Marketing.
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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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