A higher midday trade except corn. Soybeans supported by China demand news and rally in meal tied to Argentina weather. Wheat and hogs up on end of the month short covering, while cattle rally with some $155 cash. Jeff Hoogendoorn of Professional Ag Marketing has details.
Markets Mostly Higher at Midsession, Except Corn
A higher midday trade except corn futures, with new highs for the move in soybeans. Michelle Rook gets details with Jeff Hoogendoorn of Professional Ag Marketing.
November 30, 2022 11:36 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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