Grains open lower with outside markets like the higher dollar a negative influence, however profit taking, harvest pressure and the collapse of cash basis levels are also factors. Livestock are trying to recover after fund selling Tuesday but live cattle continue to struggle. Michelle Rook talks with Nick Tsiolis of Farmer’s Keeper.
Corn and Beans See Pressure as Dollar Rebounds: Hogs Bounce while Live Cattle Struggle
Grains open lower pressured by the higher dollar, corrective selling, harvest pressure and collapsing cash basis. Livestock try to bounce. Michelle Rook talks with Nick Tsiolis of Farmer’s Keeper.
October 05, 2022 02:37 PM
Related Stories
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
