Grains mixed, technical selling in corn/wheat and rain in HRW areas. Soybeans see a technical bounce with help from higher soybean meal. Live cattle consolidating after new contract highs with lower trade in hogs. @NollFamilyFarm joins @michellerookag
Corn and Wheat Lower with Technical Selling and Rain in HRW Areas, Technical Bounce in Soybeans: LC Consolidate After Contract Highs
Grains mixed, technical selling in corn/wheat and rain in HRW areas. Soybeans see a technical bounce. Live cattle consolidating after new contract highs, lower in hogs. @NollFamilyFarm joins @michellerookag
October 25, 2022 08:55 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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