Ag markets see early risk off selling with the conflict in Israel, harvest pressure and report positioning in row crops. Wheat holds gains on talk of China export buys. Randy Martinson, Martinson Ag has more.
Ag Markets See Risk Off Selling with Israel Attacks, Harvest Pressure and Report Positioning: Wheat Higher on China Export Talk
Ag markets see early risk off selling with the conflict in Israel, harvest pressure and report positioning in row crops. Wheat holds gains on talk of China export buys. Randy Martinson, Martinson Ag has more.
October 09, 2023 09:16 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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