A mostly lower start in grain and livestock futures. A risk off day in the outside markets with a higher dollar on better-than-expected Jobs Report spills over into commodity sector. Soybean meal scores contract highs again overnight, Argentina crop conditions improve but extended weather is hot and dry. Allison Thompson of The Money Farm has details.
Early Pressure in Most of the Ag Markets with a Risk Off Day in Outside Markets and Higher Dollar, Argentina Outlook Mixed
A mostly lower start in grain and livestock futures. A risk off day in the outside markets, with a higher dollar, spills over. Argentina conditions are mixed. Allison Thompson of The Money Farm has details.
Related Stories
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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