AgDay TV Markets Now: Chip Nellinger with Blue Reef Agri-Marketing talks about another risk off day in grains, but says profit taking and rain chances in HRW areas were also factors. What’s the downside risk ahead?
AgDay TV Markets Now: Chip Nelliger Discusses Another Risk Off Day in the Grains and the Downside Risk Going Forward
AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing talks about another risk off day in grains but says profit taking and rain chances in HRW areas were also factors. What’s the downside risk ahead?
April 20, 2023 04:36 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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