Mostly higher markets at midday, except corn with help from outside markets and the lower dollar. Black Sea tensions rise to support wheat and even beans. Funds are back in buying in the livestock futures. Michelle Rook talks with Vince Boddicker of Farmers Trading Company.
Markets Higher at Midsession Except Corn: Risk on, Lower Dollar, Black Sea Export Concerns Support with Funds Back in Livestock
Mostly higher markets, except corn with higher equities and a lower dollar. Black Sea tensions support. Funds buying in the livestock futures. Michelle Rook with Vince Boddicker of Farmers Trading Company.
October 17, 2022 11:18 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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