Corn and soybeans see harvest pressure and slow bean exports with the low river levels. Wheat sees short covering with the lower EU crop estimate. Cattle still see risk off selling with lower cash, hogs lifted by strong exports and stable cutout values. Mike Zuzulo, Global Commodity Analytics, has details.
Soybeans See Pressure From Harvest and Weak Exports, Wheat Bounces with lower EU Production: Funds Sell in Cattle, Hogs Helped by Exports
Beans see pressure on harvest & weak exports w/low river levels. Wheat up on lower EU estimate. Cattle see risk off selling w/lower cash, hogs lifted by strong exports. Mike Zuzulo, Global Commodity Analytics, has more.
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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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