Grains end mixed with soybeans higher following new contract highs in meal, Argentina dryness and export biz. More technical selling in corn and wheat. Livestock under pressure on consolidation and lower product values. DuWayne Bosse of Bolt Marketing has details.
Markets Now: Soybeans Higher with New High in Meal, Corn and Wheat See More Technical Selling, Livestock Consolidate with Weak Products
Soybeans higher following new highs in meal, Argentina dryness and export biz. More technical selling in corn, wheat. Livestock lower on consolidation, lower product values. DuWayne Bosse of Bolt Marketing.
December 06, 2022 01:45 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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