Corn and soybeans lower with technical selling and report positioning, despite fresh export business. Wheat sees technical bounce watching news on export deal. Livestock consolidate after a higher day Monday. @michellerookag @NollFamilyFarm
Corn and Soybeans See Technical Selling, Report Positioning, Despite Export Biz: Profit Taking in Livestock
Corn a& beans lower with technical selling, report positioning, despite fresh export biz. Wheat sees technical bounce watching news on export deal. Livestock see profit taking. @michellerookag @NollFamilyFarm
November 08, 2022 08:52 AM
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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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