Grains lower with profit taking in a risk off session in the outside markets like crude oil and the dollar. But are SA crop concerns worked into the market? Livestock 2-sided early with live cattle waiting for cash direction. Scott Varilek of Kooima Kooima Varilek has details.
Grains Down on Profit Taking and Risk Off in Outside Markets, but are SA Crop Concerns Dialed in? Livestock 2-Sided, Cattle Await Cash
Grains lower on profit taking with risk off in outside markets. But are SA crop concerns worked in? Livestock 2-sided with live cattle waiting for cash direction. Scott Varilek of Kooima Kooima Varilek has more
February 15, 2023 09:28 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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