Grains mostly lower with higher dollar, poor corn and wheat exports. Profit taking in soybeans with lower meal. Cattle consolidating despite higher cash in the north. Hogs holding small gains with strong exports. Michelle Rook talks to Vince Boddicker of Farmers Trading Company.
Grains and Cattle Mostly Lower with Higher Dollar: Hogs Firm
Grains mostly lower with higher dollar, poor exports. Profit taking in soybeans with lower meal. Cattle consolidating despite higher cash, hogs firm. Michelle Rook with Vince Boddicker of Farmers Trading Company.
November 03, 2022 11:31 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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