Grain and Livestock Prices See Significant Fund Liquidation as Dollar Hits New Highs on Recessionary Fears

Global recession fears continue to drive risk off fund liquidation in the markets. Harvest pressure and Grain Stocks Report also eyed. Michelle Rook talks with Mark Schultz of Northstar Commodity.

Global recession fears continue to drive risk off fund liquidation in most markets. U.S. dollar hitting new highs and poised to go up to 120. What does that mean for the grain and livestock markets? Harvest pressure and poor export inspections and Grain Stocks Report also eyed. Michelle Rook talks with Mark Schultz of Northstar Commodity.

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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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