Corn and wheat end lower w/stronger dollar and rain chances in HRW areas, soybeans got help from meal and export business. Live cattle saw end of month profit taking with short covering in hogs. Michelle Rook with Darren Frye, Water Street Solutions.
Corn and Wheat Down with Strong Dollar, Soybeans up with Meal and Export Biz: End of Month Profit Taking in Cattle
Corn & wheat end lower w/stronger dollar & HRW rain, soybeans up with meal and export biz. Live cattle saw end of month profit taking w/ short covering in hogs. Michelle Rook w/ Darren Frye, Water Street Solutions.
October 28, 2022 02:09 PM
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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.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
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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