Markets start mixed on Friday with corrective buying in corn and wheat, while soybeans see continued harvest pressure. More technical selling in the cattle, despite strong cash and hogs try to extend gains. Michelle Rook has analysis with Scott Varilek of Kooima Kooima Varilek.
Markets Mixed with Corrective Buying in Corn and Wheat: More Technical Selling in Soybeans and Cattle
Markets mixed with corrective buying in corn & wheat. More technical selling in the cattle, despite strong cash and hogs try to extend gains. Michelle Rook has analysis with Scott Varilek of Kooima Kooima Varilek.
October 07, 2022 08:53 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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