Grain and livestock futures saw some 2-sided trade mostly on end of the month positioning, profit taking and spread unwinding. However, corn and soybeans failed to take out chart resistance. Oliver Sloup with Blue Line Futures has analysis.
Grain and Livestock Futures Close Mixed on End of Month Positioning and Profit Taking
Grain and livestock traded 2-sided with end of the month positioning, profit taking & spread unwinding. However, corn & soybeans failed to take out chart resistance. Oliver Sloup, Blue Line Futures has analysis.
January 31, 2023 02:41 PM
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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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