AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, discusses the bounce off new lows in corn and how much downside risk there is in the market, plus the poor technical action in soybeans and cattle after fund long liquidation.
AgDay TV Markets Now: Oliver Sloup Discusses if Corn’s Bottoming, and if Funds Liquidate More in Beans and Cattle?
AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, discusses the bounce off new lows in corn and how much downside risk there is in the market, plus the poor technical action in soybeans and cattle.
September 19, 2023 05:11 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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