Grains closed mostly higher with soybeans and meal supported by SA crop concerns & export demand. Wheat saw short covering while corn ended slightly lower. Livestock ended mostly lower on EOY profit taking. John Payne, Hedge Point Global Markets has more.
Grains Mostly Higher to End 2022 with Weather Market in Beans: Livestock Lower on Profit Taking
Soybeans and meal supported by SA crop concerns & export demand. Wheat saw short covering, corn ended lower. Livestock ended mostly lower on EOY profit taking. John Payne, Hedge Point Global Markets has more.
December 30, 2022 02:03 PM
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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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