Soybeans and livestock falling with the bank failure in Europe and the risk off trade in outside markets. Corn is higher with China export business, while wheat is watching the Black Sea headlines. Nick Tsiolis of Farmers Keeper has more.
Soybeans Down with Risk Off on Bank Failure in Europe, Corn Firm With China Export Biz, Wheat Watching Black Sea Headlines
Soybeans and livestock falling with risk off in outside markets and the bank failure in Europe. Corn higher on China export business, wheat watching Black Sea headlines. Nick Tsiolis of Farmers Keeper has more.
March 15, 2023 09:17 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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