Grain and livestock futures all ended lower with a risk off day in outside markets spilling over but corn and soybeans also saw profit taking and a change in the weather weigh on the market. Cattle confirmed the key reversal but will it hold if cash moves higher? Jim McCormick with AgMarket.Net has details.
Tough Day in Commodities as Risk Off in Outside Markets Spills Over
Markets lower with a risk off day in outside markets spilling over but corn and soybeans also saw profit taking with a change in weather. Cattle confirmed the reversal. Jim McCormick, AgMarket.Net .
April 04, 2023 02:02 PM
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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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