Grain and livestock futures open mixed with better than expected CPI data impacting the outside markets w/ dollar plunging. Exports disappointing and market still digesting the WASDE. Michelle Rook w/ Steve Freed of ADM Investor Services.
Markets Mixed After Poor Exports, Better Than Expected CPI Plunges the Dollar
Grain and livestock futures open mixed with CPI data supporting outside markets & dollar plunging. Exports disappointing and market is still digesting the WASDE. Michelle Rook w/ Steve Freed of ADMIS.
November 10, 2022 11:34 AM
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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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