Soybeans are up with meal, 18.5 mb of export biz and dryness in Argentina, corn is trying to follow while wheat is seeing more fund selling with a record Aussie crop. Livestock consolidate with higher corn and lower product values.
Grains Mixed Early with Soybeans Higher on Export Biz: Livestock Consolidate with Higher Corn
Soybeans are up with meal, 18.5 mb of export biz, dryness in Argentina, corn is trying to follow while wheat sees fund selling w/record Aussie crop. Livestock consolidate with higher corn and lower products
December 06, 2022 08:52 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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