Markets are mixed to start with plenty of news to digest, including the WASDE, elections, CPI and China’s news they aren’t easing their COVID policy. Michelle Rook talks with Tomm Pfitzenmaier of Summit Commodity Brokerage.
Mixed Markets on Monday Ahead of WASDE, Election and with News China is Not Easing COVID Policy
Markets are mixed to start with plenty of news to digest, including the WASDE, elections, CPI and China’s news they aren’t easing their COVID policy. Michelle Rook w/Tomm Pfitzenmaier of Summit Commodity Brokerage.
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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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