AgDay TV Markets Now: Darin Newsom with Barchart says funds still buying and chasing Black Sea headlines in wheat, while profit taking hits row crops Thursday.
AgDay TV Markets Now: Darin Newsom says Black Sea Headlines Sustain Fund Buying in Wheat, Row Crops See Profit Taking
AgDay TV Markets Now: Darin Newsom with Barchart says funds still buying and chasing Black Sea headlines in wheat, while profit taking hits row crops Thursday.
July 20, 2023 06:24 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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