AgDay TV Markets Now: John Payne Talks About Thursday’s Selloff in Grains and Implosion in Bean Oil

Grains lower, with soybeans hit hard following an implosion in soybean oil after EPA released the RFS volumes. Slow exports added to the technical selling. John Payne of Hedge Point Global Markets has details.

Thursday was a lower day in the grains, but soybeans took the biggest hit with the implosion in soybean oil after disappointment in the RFS volumes from EPA. Disappointing exports also added to the technical selling. John Payne of Hedge Point Global Markets has details.

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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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