Grains open sharply lower on news Russia is extending the export deal. Cattle higher with help from lower corn, but awaiting the Fed decision and cash direction. Hogs set back. @michellerookag with @scottevarilek
Grains Open Sharply Lower as Russia Resumes Export Deal: Cattle Higher with Lower Corn Awaiting Cash and Fed Decision
Grains open sharply lower on news Russia is resuming the export deal. Cattle higher w/lower corn but awaiting Fed decision and cash direction. Hogs set back. @michellerookag w/ @scottevarilek
November 02, 2022 09:11 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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