Grain and livestock markets ended mixed reacting to USDA reports, Black Sea news, outside markets and it was also end of quarter. Michelle Rook gets the summary with Bryan Doherty of Total Farm Marketing.
Mixed Closes in Grain and Livestock: Markets Trade Reports, End of Quarter, Outside Markets and Black Sea News
Grain and livestock markets ended mixed reacting to USDA reports, Black Sea news, outside markets and it was also end of quarter. Michelle Rook gets the summary with Bryan Doherty of Total Farm Marketing.
September 30, 2022 02:02 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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