Grains ended lower on end-of-year fund liquidation and removing South American weather premium. Livestock were two sided with year end position squaring and largely ignoring weather. Alan Brugler of Brugler Marketing discusses whether this will continue for the next couple of weeks.
Grains End Lower with Year End Fund Liquidation, Removing SA Weather Premium: Livestock Mixed
Grains ended lower on end-of-year fund liquidation and removing South American weather premium. Livestock were mixed and two sided, largely ignoring weather. Alan Brugler of Brugler Marketing has 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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