A mostly lower day in grain and livestock futures with technical selling. Funds were cautious ahead of the Fed announcement of a 50-basis point increase. Don Roose of U.S. Commodities has analysis.
Markets Closed Mostly Lower with Technical Selling, Caution Ahead of Fed Announcement
A mostly lower day in grain and livestock futures with technical selling. Funds were cautious ahead of the Fed announcement of a 50-basis point increase. Don Roose of U.S. Commodities has analysis.
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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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