Profit taking hits the soy complex. Short covering in wheat with a softer dollar, corn caught in the middle. Cattle consolidate and then hit more all-time highs with better northern cash. How high is crude oil going? Darin Newsom, Barchart has details.
Soybeans Correct Lower, Short Covering in Wheat, Corn Caught in Middle: Cattle Consolidate Then Set All-Time Highs
Profit taking hits the soy complex. Short covering in wheat, corn caught in the middle. Cattle consolidate then hit all-time highs, better No. cash, Crude oil strong. Darin Newsom, Barchart has details.
September 15, 2023 10:43 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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