AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge says grains see significant pressure on profit taking, removing weather premium and with a risk off day. How much downside risk is there?
AgDay TV Markets Now: Ted Seifried Says Grains Start Week Sharply Lower on Profit Taking, Removing Weather Premium
AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge says grains see significant pressure on profit taking, removing weather premium and with a risk off day. How much downside risk is there?
May 30, 2023 05:27 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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