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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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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