Cattle are consolidating ahead of the Fed announcement, while hogs are higher. Soybeans rallying on China and Brazil developments and corn is trying to follow. Michelle Rook gets a midsession update with Brad Kooima of Kooima Kooima Varilek.
Cattle Consolidate Ahead of Fed Announcement: Soybeans Rally on Brazil and China News and Pull Along Corn
Cattle consolidate ahead of the Fed announcement, with hogs up. Soybeans rallying on China and Brazil news and corn is trying to follow. Michelle Rook gets an update with Brad Kooima of Kooima Kooima Varilek.
November 01, 2022 11:28 AM
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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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