Corn and wheat see follow through selling, while soybeans correct with help from higher meal, export biz and hot dry weather returning in Argentina. Cattle seeing some short covering but traders are keeping an eye on the economy and demand. Hogs open mixed. Kent Beadle of Paradigm Futures has more.
Soybeans Correcting on Argentina Forecast & Export Biz, Follow Through Selling in Corn and Wheat: Cattle Bounce, Hogs Mixed
Corn and wheat see follow through selling, while soybeans correct w/meal, hot dry weather returning in Argentina, export biz. Short covering in cattle, with hogs mixed. Kent Beadle of Paradigm Futures has more.
January 04, 2023 08:55 AM
Related Stories
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.
Read Next
In a seismic ruling, the Pennsylvania Supreme Court ruled that wildlife officers may not enter private land without probable cause.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
