Grains end mostly higher with wheat leading as dollar reverses lower and crude oil rallies, Black Sea export concerns were also supportive. Livestock futures continued to see technical selling and ended mostly lower. Michelle Rook talks with Chip Nellinger of Blue Reef Agri-Marketing.
Grains End Mostly Higher with Dollar Plunge and Black Sea Export Concerns: Livestock See More Technical Selling
Grains end mostly higher with wheat leading with lower dollar and Black Sea export concerns. Livestock futures saw more technical selling. Michelle Rook talks with Chip Nellinger of Blue Reef Agri-Marketing.
September 28, 2022 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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