Corn and soybeans lower with technical selling and report positioning, despite fresh export business. Wheat sees technical bounce watching news on export deal. Livestock consolidate after a higher day Monday. @michellerookag @NollFamilyFarm
Corn and Soybeans See Technical Selling, Report Positioning, Despite Export Biz: Profit Taking in Livestock
Corn a& beans lower with technical selling, report positioning, despite fresh export biz. Wheat sees technical bounce watching news on export deal. Livestock see profit taking. @michellerookag @NollFamilyFarm
November 08, 2022 08:52 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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