The risk off outside market tone has most of the grain and livestock futures lower early. Grains also seeing follow through selling this morning after poor closes yesterday and removing weather premium with better conditions in Argentina and the U.S. Southern Plains. Livestock are also lower with softer cash and cutouts. Allison Thompson of The Money Farm has more.
Risk Off Day Starts Markets Lower: Grains See Follow Through Selling After Poor Closes and Removing Weather Premium
The risk off outside markets has grain and livestock lower. Grains also seeing follow through selling after poor closes yesterday and removing weather premium. Allison Thompson of The Money Farm has more.
January 19, 2023 08:54 AM
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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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