AgDay TV Markets Now: Oliver Sloup with Blue Line Futures talks about more technical selling in the grains with funds and speculators nervous ahead of the Fed decision, cattle bounce but will they sustain a recovery rally?
AgDay TV Markets Now: Oliver Sloup says Grains Stage Another Technical Selloff Ahead of Fed Decision
AgDay TV Markets Now: Oliver Sloup with Blue Line Futures discusses aother day of technical selling in the grains ahead of the Fed decision. Cattle bounce but will they sustain a recovery rally<
March 21, 2023 04:46 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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