Markets Down with the Commodity Wide Selloff, Risk Off in Outside Markets: Outlook for 2023 Optimistic for Markets Like Cattle

Markets are all down in a commodity wide selloff, with the risk off in outside markets. However, there’s still optimism ahead for markets like soybeans and cattle. Scott Varilek, Kooima Kooima Varilek explains.

Grain and livestock futures are all down in a commodity wide selloff with the risk off day in the outside markets. However, there is still optimism ahead for markets like soybeans and especially cattle. Scott Varilek of Kooima Kooima Varilek explains.

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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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