Corn and soybeans end higher but new crop leads putting weather premium. Wheat ignores crop ratings and weather, watches Black Sea news. Cotton rallies on China’s 4.5% jump in GDP. Fund buying, higher cutouts and strong cash support cattle. Darren Frye, Water Street Solutions has details.
New Crop Corn and Beans Higher Putting in Weather Premium, Cotton Rallies With China’s GDP: Cattle End Higher After Early Profit Taking
Corn and soybeans end higher but new crop leads putting weather premium. Wheat ignores crop ratings and weather, watches Black Sea news. Fund buying, strong cash supports cattle. Darren Frye, Water Street Solutions.
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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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