Grain and livestock futures are mostly lower on fund selling. The risk off in outside markets is spilling over due to a looming government shutdown. Plus, its end of month and quarter. Where is support on the cattle charts and will this weigh on cash trade this week? Brad Kooima of Kooima Kooima Varilek has details.
Grain and Livestock Futures Mostly Lower: Funds Sell with Risk Off Outside Markets, Possible Govt. Shutdown
Grain and livestock futures are mostly lower on fund selling. The risk off in outside markets is spilling over due to a looming government shutdown. Brad Kooima of Kooima Kooima Varilek has details.
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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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