Grain and livestock prices continued lower into the close on Friday with the risk off day in the outside markets, especially the fresh highs in the dollar. Michelle Rook summarizes the day and looks ahead at how long the pain will continue with Jim McCormick at AgMarket.Net.
Friday Market Prices All Lower as Risk Off Day in Outside Markets Spills Over, Including Fresh Highs in the Dollar
Grain and livestock prices continued lower into the close on Friday with the risk off day in the outside markets. Michelle Rook looks at how long the pain will continue with Jim McCormick at AgMarket.Net.
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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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