Soybeans higher with new contract highs in meal and talk of China biz and corn tried to follow with higher crude oil but was held back by wheat. Wheat saw profit taking with bearish Black Sea export news. Cattle higher with improved cash but can that market recover with the macro climate growing bearish? Shawn Hackett, Hackett Financial Advisors, has more.
Soybeans Rally with Meal, China Biz and Corn Tries to Follow: Cattle Rally with Improved Cash
Soybeans up w/meal and talk of China biz and corn tried to follow. Wheat saw profit taking with bearish Black Sea export news. Cattle higher with improved cash. Shawn Hackett, Hackett Financial Advisors, 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.
Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
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