Corn and beans lose early strength with outside market pressure despite supportive soybean export news. Wheat holds gains on short covering and Ukraine headlines. Cattle continue to consolidate, so is the high in? Hogs extend gains. DuWayne Bosse, Bolt Marketing, has more.
Row Crops Fall with Outside Market Pressure, Wheat Holds on Ukraine News: Cattle Consolidating, Hogs Extend Gains
Corn & beans fade with outside markets despite friendly soybean export news. Wheat holds gains on short covering and Ukraine headlines. Cattle consolidate. Hogs extend gains. DuWayne Bosse, Bolt Marketing, has more.
October 26, 2023 11:33 AM
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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.
Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
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