Grains see technical selling removing Black Sea war and SA weather premium. Mexico in for U.S. corn biz. Buy it before you ban it? Cattle higher with lower corn, but rangebound? Michelle Rook talks with Joe Vaclavik of Standard Grain.
Grains Lower with Technical Selling, Removing War and Weather Premium: Despite Largest Mexican Corn Buy Ever
Grains see technical selling removing Black Sea war and SA weather premium. Mexico largest single purchase of U.S. corn ever. Buy it before you ban it? Michelle Rook talks with Joe Vaclavik of Standard Grain.
November 16, 2022 11:27 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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