AgDay TV Markets Now: Kevin Duling, KD Investors, says wheat makes new lows on technical selling and Russia export news, while corn and soybean see a corrective bounce.
AgDay TV Markets Now: Kevin Duling says Wheat Sees Technical Selling, Row Crops Higher but are “Stuck” in Trading Ranges
AgDay TV Markets Now: Kevin Duling, KD Investors, says wheat makes new lows on technical selling and Russia export news, while corn and soybean see a corrective bounce.
October 31, 2023 05:25 PM
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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.
Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
Rich Nelson, chief strategist for Allendale says row crops are pausing right now until the weather story is really decided, while wheat is concerned about rising tensions in the Black Sea region.
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