AgDay TV Markets Now: Rich Nelson of Allendale says funds sell in corn and wheat on exports, weather and WASDE, while soybeans follow meal higher.
AgDay TV Markets Now: Rich Nelson says Funds Sell in Corn and Wheat on Exports, Weather, WASDE, Soybeans Follow Meal Higher
AgDay TV Markets Now: Rich Nelson of Allendale says funds sell in corn and wheat on exports, weather and WASDE, while soybeans follow meal higher.
May 12, 2023 12:20 AM
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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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