Grains end lower after beneficial rains in Argentina and technical selling, but how much more downside risk is there in the grains? Cattle bounce with friendly COF but this week’s cash is key, while hogs slide with cash again. DuWayne Bosse of Bolt Marketing has analysis.
Grains End Lower After Argentina Rains, Is There More Downside Risk? Cattle Bounce after COF, but Hogs Slide with Cash
Grains lower after beneficial Argentina rains and technical selling, but how much more downside is there? Cattle bounce with friendly COF, while hogs slide with cash. DuWayne Bosse of Bolt Marketing has more.
January 23, 2023 02:05 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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