Grains Markets See Relentless Fund Selling on Risk Aversion, Weather and Demand Concerns: How Much Lower Are Prices Going?

More fund selling in grains on weather, demand concerns w/Brazil. Risk aversion is a problem with economic data ahead of the Fed meeting. How much lower will prices go? Shawn Hackett of Hackett Financial Advisors.

More fund selling in grain markets on weather, demand concerns w/Brazil’s big crop. Risk aversion is a problem for the grains with economic data ahead of the Fed meeting and debt ceiling talks. How much lower will prices go? Shawn Hackett of Hackett Financial Advisors has details.

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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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