A better-than-expected CPI number pulled money into financial markets and out of most commodities, despite the sharply lower dollar. Poor exports added pressure. Michelle Rook talks with DuWayne Bosse of Bolt Marketing.
Commodities Mostly Lower Except Cattle with Better Than Expected CPI and Money Flowing into Financial Markets
A better-than-expected CPI number pulled money into financial markets and out of most commodities, despite the sharply lower dollar. Poor exports added pressure. Michelle Rook w/ DuWayne Bosse, Bolt Marketing.
November 10, 2022 01:46 PM
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Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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