Soybeans and corn end higher on technical bounce and hot dry weather but how much recovery can we expect? Wheat sees weak technicals and demand. Cattle down for the 5th day as funds liquidate and with weaker cash, while hogs bounce due to the discount to the index. Don Roose with U.S. Commodities has details.
Soybeans and Corn Higher on Weather, Technical Bounce While Wheat Struggles: Cattle Down 5th Day with Weak Cash, Hogs Bounce
Row crops see technical bounce with hot dry weather. How much recovery can we expect? Wheat sees weak technicals and demand. Cattle down with weaker cash, while hogs bounce. Don Roose with U.S. Commodities has more.
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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.
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