Corn and soybeans higher on end of quarter and report positioning, wheat down with the higher dollar, poor demand. Cattle see more fund profit taking end of quarter but also with bearish macro markets and economic fears, including a government shutdown. Chip Nellinger, Blue Reef Agri-Marketing has more.
Markets Trade Mixed on End of Quarter, Report Positioning, Macro Economic Concerns
Corn & beans higher on end of quarter & report positioning, wheat down with the higher dollar, poor demand. Cattle see fund profit taking w/bearish macro markets. Chip Nellinger, Blue Reef Agri-Marketing has more.
September 27, 2023 11:33 AM
Related Stories
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.
Read Next
New state restrictions and a proposed AFIDA overhaul could reshape land deals, reporting, and due diligence for farmers.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
