Grain and livestock prices saw early gains with a recovery in the outside markets in a more risk on day. However, the DOW is back down and dollar is higher so livestock have reversed course. Michelle Rook has the midday update with Brad Kooima of Kooima Kooima Varilek.
Grain Prices Continue Higher but Livestock Give up Early Gains as DOW and Dollar Reverse
Grain and livestock prices were higher early with outside markets recovering, but they are now faltering and livestock have also reversed. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
September 27, 2022 11:29 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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