Grain prices are mixed with livestock mostly lower. The markets are still digesting the current and future Fed moves and the geopolitical concerns in Russia Ukraine, plus weekly exports. Michelle Rook gets details with Joe Vaclavik of Standard Grain.
Grain Prices Mixed, Livestock Lean Lower: Still Digesting Fed Policy and Black Sea News
Grain prices are mixed with livestock mostly lower. The markets are still digesting the current and future Fed moves and the Russia Ukraine news. Michelle Rook gets details with Joe Vaclavik of Standard Grain.
September 22, 2022 11:18 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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