After another ugly selloff Monday grain and livestock prices try to recover with a more risk on day in outside markets, including a pull back in the dollar index. The key is can we hold on to the gains until the close and build on that strength going forward? Michelle Rook asks DuWayne Bosse of Bolt Marketing.
Grain and Livestock Prices Rebound with Risk on Day in Outside Markets, Including Lower Dollar: Can we Hold into the Close?
Grain and livestock prices try to recover Tuesday with a more risk on day in outside markets, including a pull back in the dollar. Michelle Rook talks with DuWayne Bosse of Bolt Marketing.
September 27, 2022 08:49 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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