Corn and soybeans strong early, shaking off the outside market negativity, but will it hold? Wheat sees some profit taking. Cattle also trying to hold together but with stock market jitters continue to cause fund and technical selling. Hogs seeing short covering early. Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
Row Crops and Hogs Gain Early Shaking Off Outside Markets: Cattle see more Technical Selling, Profit Taking in Wheat
Row crops strong early shaking off the outside markets, but will it hold? When will the fund and technical selling end in livestock? Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
September 29, 2022 08:52 AM
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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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