AgDay TV Markets Now: Ted Seifried with Zaner Ag Hedge Explains What Caused the Reversal in the Grains and If That Bottomed the Markets. Plus, if the Fed takes a pause on interest rates hikes will specs come back into the commodity markets.
AgDay TV Markets Now: Ted Seifried Explains What Caused the Reversal in Grains and If It Bottomed the Markets
AgDay TV Markets Now: Ted Seifried with Zaner Ag Hedge Explains What Caused the Reversal in the Grains and If it Bottomed the Markets.
May 03, 2023 05:49 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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