Row crops bounce slightly on hot dry extended weather and soybean export biz, with wheat mixed. Cattle see more profit taking and fund selling, hogs struggle with bigger supplies, lower seasonals. Kent Beadle, Paradigm Futures has more.
Row Crops Bounce on Extended Forecast, Wheat Mixed: Livestock Lower on Fund Selling and Seasonals
Row crops bounce on weather and soybean export biz, wheat mixed. Cattle see more profit taking and fund selling, hogs struggle with bigger supplies, lower seasonals. Kent Beadle, Paradigm Futures has more.
August 30, 2023 09:19 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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