Corn and wheat down with lower oil and the higher dollar, but soybeans rebound with export biz and higher meal. Cash basis levels strong west and south, weaker east. What does this mean for grain and livestock producers? @michellerookag w/@FarmersKeeper
Corn and Beans Lower With Higher Dollar, Soybeans Rebound with Export Biz: Cash Basis Levels Hot in West and South
Corn and wheat down with lower oil and the higher dollar, but soybeans rebound with export biz and higher meal. Cash basis levels strong west and south, weaker east. @michellerookag w/@FarmersKeeper
October 28, 2022 11:31 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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