Grains started higher but turned mixed with short covering in soybeans following soybean oil, while wheat is seeing profit taking and corn is caught in the tug of war in the middle. Livestock continue to hold gains with a risk on outside market environment spilling over and a technical bounce after getting oversold. Michelle Rook visits with DuWayne Bosse of Bolt Marketing.
Livestock Hold Early Gains in Risk on Session: Grains Mixed with Some Corrective Action
Grains have turned mixed with short covering in soybeans, profit taking in wheat and corn caught in the middle. Livestock seeing a short covering bounce. Michelle Rook visits with DuWayne Bosse of Bolt Marketing.
October 03, 2022 11:25 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
In a seismic ruling, the Pennsylvania Supreme Court ruled that wildlife officers may not enter private land without probable cause.
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.
