Grains finish mostly lower Thursday with profit taking, slow exports and negativity in outside macro markets. What will be the focus for markets to end the year and then into 2023? Tommy Grisafi of Advance Trading provides insight.
Grains End Mostly Lower on EOY Profit Taking, Slow Exports, Macro Market Spillover: What’s Ahead in 2023?
Grains finish mostly lower Thursday with profit taking, slow exports and negativity in outside macro markets. What will be the focus for markets to end the year? Tommy Grisafi of Advance Trading provides insight.
December 22, 2022 02:31 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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