Livestock futures give up early gains with more fund selling despite friendly outside markets. Grains trying to hold gains with dollar plunging, with soybeans still consolidating. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
Livestock See Technical Selling Giving up Early Gains Despite Friendly Outside Markets, Grains Hold Together With Plunging Dollar
Livestock futures give up early gains with more fund selling despite friendly outside markets. Grains trying to hold gains. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
October 04, 2022 11:26 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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