Grain and livestock prices open higher with help from the risk on in the outside markets, especially the lower dollar. Grains also seeing support from the crop progress numbers. However, cattle struggle to hold early gains. Michelle Rook talks with Steve Freed of ADM Investor Services.
Markets Start off Higher With Help From Risk On in the Outside Markets: Grains Consolidating While Cattle Struggle to Hold Gains
Grain and livestock prices open higher with help from the risk on in the outside markets. However, cattle struggle to hold early gains. Michelle Rook talks with Steve Freed of ADM Investor Services.
October 04, 2022 08:50 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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