My 2 Cents Nov 2/22
- grainguy12
- Nov 2, 2022
- 2 min read
It was an interesting day for wheat as it started out kind of looking for direction on what the situation is with the grain corridor in the Black Sea. The overnight trade on Monday night/Tuesday morning was a bit weak as there was talks that the UN and Turkey were going to leave the corridor open regardless of Russian participation. The Russian govt and Turkish govt were in talks but wasn’t looking good. Then we fast forward to late morning Tuesday and the UN announced they were shutting down the corridor Wednesday as Russia warned that the shipping lane was not safe. This got the market fired up and closed on a higher note.
