Grains end higher with Russia suspending the grain export deal, but how much more war premium do the markets need? Cattle set back with higher feed prices, but is the market topping? Hogs end mixed. Michelle Rook is joined by Mike Zuzulo of Global Commodity Analytics.
Grains Higher as Russia Suspends Export Deal: Cattle Set Back with Higher Corn
Grains higher with Russia suspending the grain export deal, so how much higher do prices go? Cattle set back with higher feed prices, with hogs mixed. Michelle Rook is w/ Mike Zuzulo of Global Commodity Analytics.
November 01, 2022 11:20 AM
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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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