Corn and beans lose early strength on a little shift in the weather forecast and end of month profit taking. Cattle are also seeing some consolidation end of month, awaiting cash direction. Short covering has pulled hogs back higher despite lower cash and cutouts but with weights dropping there is longer term optimism. Jeff Hoogendoorn, Professional Ag Marketing, has more.
Row Crops Reverse Early Stength on Profit Taking, Forecast Change: Cattle Consolidate Ahead of Cash, Short Covering in Hogs
Row crop back lower on a shift in weather and profit taking. Cattle also see consolidation awaiting cash. Short covering pulls hogs higher despite lower cash. Jeff Hoogendoorn, Professional Ag Marketing, has more.
August 30, 2023 11:52 AM
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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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