Corn & wheat remove war premium with Russia extending participation in the export deal, soybeans held up by soybean oil. Live cattle continue to consolidate ahead of the Fed decision, with hogs following lower cash. Michelle Rook has analysis with Chip Nellinger of Blue Reef Agri-Marketing.
Corn, Wheat Lower After Russia Resumes Export Deal, Soybean Firm with Higher BO: Live Cattle Await Fed News, Cash
Corn & wheat lower with Russia extending participation in export deal, soybeans held up by soybean oil. Live cattle consolidate ahead of the Fed decision,. Michelle Rook w/Chip Nellinger Blue Reef Agri-Marketing.
November 02, 2022 01:02 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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