Risk aversion continued in the ag markets today due to uncertainty on the banking crisis and upcoming Fed action. The extension of the Black Sea export deal also weighed on feed grains. The exception was soybeans which bounced off support. Alan Brugler of Brugler Marketing has details.
Ag Markets End Lower, Except Soybeans, with Uncertainty on Banking Crisis and Fed Action
Risk aversion continued in the ag markets Monday on uncertainty with the banking crisis and upcoming Fed action. The exception was soybeans which bounced off support. Alan Brugler of Brugler Marketing has details.
March 20, 2023 02:17 PM
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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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