Grain and livestock futures mostly lower. Market digesting and seeing positioning end of quarter, pre-report, with possible government shutdown, PCE data. Is the corn market putting in a long term low? Lots to talk about with Darin Newsom, Barchart.
Markets Mostly Lower with Possible Govt. Shutdown & Positioning End of Quarter, Pre-Report: However, is Corn Forging a Long-Term Low?
Markets mostly lower. Positioning end of quarter, pre-report, possible government shutdown, PCE data. Is the corn market putting in a long term low? Lots to talk about with Darin Newsom, Barchart.
September 29, 2023 10:40 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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