Grain prices open lower with risk off selling continuing from Friday and then turn mixed. Macroeconomic concerns continue to be a headwind especially with the higher dollar. Cattle open mixed and then rebound digesting the Cattle of Feed Report, hogs trying to recover as well. Michelle Rook talks with Tomm Pfitzenmaier of Summit Commodity Brokerage.
Grains Prices See More Risk Off Selling on Open Then Turn Mixed: Livestock Mixed with Cattle Digesting Cattle on Feed
Grain prices open lower with risk off selling then turn mixed. Cattle open mixed and then rebound digesting the Cattle of Feed Report. Michelle Rook talks with Tomm Pfitzenmaier of Summit Commodity Brokerage.
September 26, 2022 08:48 AM
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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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