A mixed market day. Corn and soybeans were higher with supportive outside markets including the lower dollar, while wheat set back with moisture in HRW areas. Cattle saw profit taking, while hogs were up following cash. Michelle Rook talks with Matt Bennett of AgMarket.Net.
Corn and Beans Rally with Outside Markets Higher, Dollar Lower with Wheat Lower on Rain: Profit Taking in Cattle
Corn & beans higher with supportive outside markets & lower dollar, wheat weak with HRW rains. Cattle saw profit taking, while hogs were up following cash. Michelle Rook talks with Matt Bennett of AgMarket.Net.
October 25, 2022 02:09 PM
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Arlan Suderman, chief commodities economist with StoneX, says the additional cut in winter wheat acres was a surprise but there were others as well.
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.
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