The markets continue to chase headlines driven by recession and demand fears, a big soybean crop in Brazil, plus supply implications of the Black Sea war. Steve Freed of ADM Investor Services joins Michelle Rook to discuss the outlook for grain and livestock prices in 2023.
What’s the Outlook for Ag Prices in 2023?
2023 is around the corner and analysts are already talking about what to expect.
December 18, 2022 03:08 PM
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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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