Livestock sided early, now consolidating with caution ahead of the Fed announcement and with lower product values. Wheat is lower with moisture in drought areas which is pulling down corn, along with technical selling. Soybeans rebounded with higher products and Argentina weather concerns. Jeff Hoogendoorn of Professional Ag Marketing has details.
Livestock Consolidate Ahead of Fed Announcement: Technical Selling and Moisture Hit Wheat and Corn
Livestock consolidate with caution ahead of the Fed announcement. Technical selling and moisture is pressuring both wheat and corn. Soybeans rebound with products. Jeff Hoogendoorn, Professional Ag Marketing.
December 14, 2022 11:34 AM
Related Stories
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.
Read Next
New state restrictions and a proposed AFIDA overhaul could reshape land deals, reporting, and due diligence for farmers.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
