A higher start in grain and livestock prices with higher outside markets like the DOW and crude oil helping out, but corn and wheat are continuing to trade the positive report numbers from Friday. Soybeans trying to follow and did see some export business this morning to help. Cattle are seeing corrective buying, with hogs sliding with more fund liquidation and lower cutouts. Michelle Rook gets details with Vince Boddicker of Farmers Trading Company.
Markets Start Mostly Higher in a More Risk on Day but Will Gains Hold?
Markets start mostly higher with a risk on day, report digestion continues and there was some export news, but will gains hold? Michelle Rook gets details with Vince Boddicker of Farmers Trading Company.
October 03, 2022 08:47 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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