Grains end mostly higher after a reversal in the outside markets and shrugging off a bearish CPI. Plus Russia is threatening to pull out of the Black Sea export deal. Livestock mostly lower, despite some steady to firmer cash with $145 cash cattle in the South. Michelle Rook gets insight from Mike Zuzulo of Global Commodity Analytics.
Grains End Mostly Higher with Reversal in Outside Markets, Russia’s Threat to Exit Export Deal: Livestock Mostly Lower Despite Strong Cash
Grains end mostly higher after a reversal in outside markets & Russia’s threat to exit the export deal. Livestock mostly lower, despite firm cash. Michelle Rook talks to Mike Zuzulo of Global Commodity Analytics.
October 13, 2022 02:23 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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