A risk off day in grains w/rains falling and more in the forecast. That’s trumping new port attacks on the Danube River. What’s that mean for basis levels and livestock producers? Cattle and hogs also consolidate, despite lower feed prices. Nick Tsiolis, Farmers Keeper has more.
Risk Off Day in Grains on Weather, Trumps New Ukraine Port Attacks: What’s That Mean for Basis?
A risk off day in grains w/rains falling and more in the forecast. That’s trumping new port attacks on the Danube River. What’s that mean for basis levels? Cattle consolidate. Nick Tsiolis, Farmers Keeper has more.
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Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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.
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