Mostly lower markets with spillover from a risk off day in outside markets w/election reaction and report positioning. Soybeans are holding up better with 17 mb of export biz. Michelle Rook talks with Rich Nelson of Allendale.
Grains Mostly Lower with Outside Market Spillover and Report Positioning: Livestock Mixed
Mostly lower markets with spillover from a risk off day in outside markets w/election reaction, report positioning. Soybeans are holding up w/ 17 mb of export biz. Michelle Rook with Rich Nelson of Allendale.
November 09, 2022 08:50 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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