Grains open lower on more technical selling and with lower crude oil, improved SA weather, and ideas the Black Sea export deal will be extended. Live cattle see more technical selling. Hogs higher. Michelle Rook w/ Kent Beadle Paradigm Futures.
Grains Lower with Technical Selling, Lower Crude Oil: Livestock Mixed
Grains open lower on more technical selling, lower crude oil improved SA weather, and ideas of Black Sea export deal extension. Live cattle see technical selling. Michelle Rook w/ Kent Beadle Paradigm Futures
November 15, 2022 09:01 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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