Grains push lower midday on the higher dollar and poor weekly exports, soybeans fade despite more flash sales of soybeans. Cattle sell off despite higher cash, while hogs try to hold gains with decent exports. Michelle Rook talks with Randy Martinson of Martinson Ag.
Grains Lower with Higher Dollar and Slow Weekly Exports: Cattle Disappoint After Higher Cash, While Hogs Try to Hold
Grains lower midday on the higher dollar and poor weekly exports. Cattle sell off despite higher cash, while hogs try to hold gains with decent exports. Michelle Rook talks with Randy Martinson of Martinson Ag.
October 14, 2022 11:25 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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