Corn and soybeans lower on profit taking and better than expected crop ratings, with new contract lows in wheat. Livestock rebound after a mostly lower opening putting in some weather premium and with fund buying. Randy Martinson, Martinson Ag has details.
Corn and Soybeans Lower on Profit Taking, Crop Ratings with Contract Lows in Wheat: Livestock Rebound
Corn and beans lower on profit taking and better than expected crop ratings. Livestock rebound after a lower opening putting in weather premium and with fund buying. Randy Martinson, Martinson Ag has details.
August 29, 2023 11:29 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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