AgDay TV Markets Now: Chip Nelliger, Blue Reef Agri-Marketing says wheat built on the key reversal and may be trying to bottom, while corn and soybeans held up despite bearish news.
AgDay TV Markets Now: Chip Nellinger Says Wheat May Be Trying to Bottom, Corn and Beans Held Up Thursday Despite Bearish News
AgDay TV Markets Now: Chip Nelliger, Blue Reef Agri-Marketing says wheat built on the key reversal and may be trying to bottom, while corn and soybeans held up despite bearish news.
May 04, 2023 09:49 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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