Grains mixed with corn and wheat seeing more technical selling with the higher dollar, while soybeans are seeing a technical bounce, despite the continued sharp selloff in soybean oil. Live cattle see early pressure despite steady to higher cash, profit talking in hogs. Michelle Rook has analysis.
Grain and Livestock Futures Mixed Early: More Technical Selling in Corn and Wheat, Soybeans Bounce
Corn and wheat see more technical selling w/a higher dollar. Technical bounce in beans, despite the continued selloff in BO. Live cattle see early pressure despite steady to higher cash, profit talking in hogs.
December 02, 2022 08:54 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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