Soybeans up w/ the Brazil truckers strike in protest to election, corn and wheat try to follow as Russia’s changes tune on export deal, Cattle consolidate ahead of Fed meeting. @michellerookag with @MartinsonRandy
Soybeans Rally on Brazil News, Corn and Wheat DIgest Black Sea Export News: Cattle Consolidate Ahead of Fed Meeting
Soybeans up w/ the Brazil truckers strike in protest to election, corn and wheat try to follow as Russia’s changes tune on export deal, Cattle consolidate ahead of Fed meeting. @michellerookag with @MartinsonRandy
November 01, 2022 11:20 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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