Grains and cattle under pressure with risk off outside markets, including sharply higher dollar after Fed move. Exports, cash prices also drivers. Michelle Rook talks with Darin Newsome of Darin Newsome Analysis.
Grains and Cattle Under Pressure with Risk Off Outside Markets, Sharply Higher Dollar: Markets Focus on Exports vs. Domestic Demand
Grains and cattle under pressure with risk off outside markets, including sharply higher dollar after Fed move. Exports, cash prices also drivers. Michelle Rook talks with Darin Newsome of Darin Newsome Analysis.
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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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