Soybeans and corn higher putting in late season weather premium with the lower Pro Farmer yields and new export biz. Technical selling and talk of Russia coming back into the Black Sea grain deal weighing on wheat. Cattle mixed following steady to lower cash but higher cutouts, hogs continue to slide. Tomm Pfizenmaier, Summit Commodity Brokerage has details.
Row Crops Higher on Weather, Tour Results and Export Biz, Wheat a Drag: Livestock Mixed
Soybeans and corn up on weather and export biz. Talks with Russia on reentering the Black Sea grain deal weigh on wheat. Cattle mixed, hogs continue to slide. Tomm Pfizenmaier, Summit Commodity Brokerage has more.
August 28, 2023 09:32 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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