Soybeans Lower on China COVID News, Technical Bounce in Wheat: Livestock up on Technical Buying, Strong Products

Soybeans correct on China COVID policy, corn follows. Wheat sees technical bounce w/lower dollar. Livestock up on technical buying, higher product. Michelle Rook w/ Shawn Hackett of Hackett Financial Advisors.

Soybeans correct as China says denies easing their COVID policy and corn is following. Wheat seeing a technical bounce with the lower dollar. Export inspections, WASDE and elections all being worked in. Livestock higher on technical buying and higher product values. Michelle Rook talks to Shawn Hackett of Hackett Financial Advisors.

AgWeb-Logo crop
Related Stories
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.
Get News Daily
Get Market Alerts
Get News & Markets App