Soybeans plunge on weekend rains; wheat is mostly higher on Black Sea war news with corn 2-sided in the middle. Corn & bean export biz failing to support. Live cattle mixed, but feeders make new highs with lower corn. Kevin Duling, KD Investors has more.
Soybeans Plunge on Rains, Wheat Mostly Higher on Black Sea News, Corn Caught in Middle: Feeders Make Some New Highs
Soybeans plunge on rains; wheat mostly higher on Black Sea war news, corn 2-sided in the middle. Corn & bean export biz fails to support. Feeders make some new highs, Feds mixed. Kevin Duling, KD Investors has more.
August 07, 2023 09:26 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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