Grains end mixed with end of quarter profit taking and report positioning. But are corn and beans putting in harvest lows? Cattle see fund selling with risk off in outside markets and equities. Hogs also preparing for the Hogs and Pigs Report. Don Roose, U.S. Commodities sums it up.
Grains End Mixed on Report and End of Quarter Positioning: Cattle Lower with Risk Off in Equities
Grains end mixed with end of quarter profit taking and report positioning. Cattle see fund selling with risk off in the equities. Hogs also await the Hogs and Pigs Report. Don Roose, U.S. Commodities sums it up.
September 26, 2023 02:19 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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