Cattle markets rebound on lower corn and higher cash trade ideas, while hogs are consolidating. Grains are mixed midday with corn and wheat seeing some profit taking and spillover from lower crude oil. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
Mixed Trade with Profit Taking in Corn, Wheat and Hogs: Cattle Bounce with Lower Corn
Cattle markets rebound on lower corn and higher cash trade ideas, while hogs consolidate. Grains are mixed with corn and wheat seeing profit taking. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
October 11, 2022 11:30 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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