Wheat rallies with Russia stopping exports out of a Ukrainian port. Corn follows, but is also putting in weather premium. Soybeans consolidate with products. Cattle also see profit taking with concerns about the debt ceiling talks. Kevin Duling with KD Investors has details.
Wheat Rallies as Ukraine Export Port Blocked, Corn Follows Putting in Weather Premium: Profit Taking in Soybeans and Cattle
Wheat rallies with Russia stopping exports out of a Ukrainian port. Corn follows but is also putting in weather premium. Soybeans and cattle see profit taking. Kevin Duling with KD Investors has details.
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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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