Grain prices mostly higher, except wheat in a risk on day with outside markets like crude oil higher and the dollar sharply lower. What will it take to get corn and soybeans to close above $7 and $14? A disappointing day in livestock futures which faded the equity rally and saw more fund selling on early strength. Michelle Rook has analysis with Brian Grete of Pro Farmer.
Grain Prices Mostly Higher Except Wheat, in a Risk on Day: Livestock Continue to See Fund Liquidation
Grain prices mostly higher, except wheat, in a risk on day, while livestock faded higher equities as funds liquidated. Michelle Rook talks with Brian Grete of Pro Farmer.
October 04, 2022 02:55 PM
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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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