Corn and soybeans end higher with wheat lower on report positioning and end of the quarter profit taking. That was also true of livestock and the outside markets like crude oil, but macro-economic factors also drove trade. Tommy Grisafi, Advance Trading, explains the money flow moves in all the markets!
Markets End Mixed on Money Flow End of Quarter and Economic Concerns: Grains Await Reports
Grains mixed on report positioning and end of the quarter profit taking. Economic concerns also impacted cattle and outside markets. Tommy Grisafi, Advance Trading, explains all the money flow moves!
September 27, 2023 03:14 PM
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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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