Corn and wheat end lower w/stronger dollar and rain chances in HRW areas, soybeans got help from meal and export business. Live cattle saw end of month profit taking with short covering in hogs. Michelle Rook with Darren Frye, Water Street Solutions.
Corn and Wheat Down with Strong Dollar, Soybeans up with Meal and Export Biz: End of Month Profit Taking in Cattle
Corn & wheat end lower w/stronger dollar & HRW rain, soybeans up with meal and export biz. Live cattle saw end of month profit taking w/ short covering in hogs. Michelle Rook w/ Darren Frye, Water Street Solutions.
October 28, 2022 02:09 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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