Grains close lower Friday and for the week with fund and technical selling. What triggered it and will it continue into next week? And what’s with the strong May/July inverse that is supporting old crop corn and beans? Where does crude oil go now that it filled the chart gap and closed lower for the week? And will cattle continue to be a bull market? Darin Newsom, Sr. Market Analyst for Barchart covers it all!
Grains End Lower for Week, Will Fund Selling Continue to Pressure the Markets? Crude Oil Fills the Chart Gap But Now What?
Grains close lower Friday on fund selling. What triggered it and will it continue next week? Where does crude oil go after filling the chart gap? Will cattle continue to be a bull market? Darin Newsom, Barchart.
April 21, 2023 02:05 PM
Related Stories
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.
Read Next
New state restrictions and a proposed AFIDA overhaul could reshape land deals, reporting, and due diligence for farmers.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
