Commodity wide selloff with a risk off day tied to U.S. and China economic news. Better than expected crop rating also took down corn and beans with corn closing below the July low. Allison Thompson, The Money Farm, has details.
Risk Off Melt Down in Commodities Tied to U.S. and China Economic News, Better Crop Ratings: Corn Closes Below July Low
Commodity selloff with a risk off day tied to U.S. and China economic news. Better than expected crop ratings hit corn and beans with corn closing below the July low. Allison Thompson, The Money Farm, has details.
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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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