Grains mixed, technical selling in corn/wheat and rain in HRW areas. Soybeans see a technical bounce with help from higher soybean meal. Live cattle consolidating after new contract highs with lower trade in hogs. @NollFamilyFarm joins @michellerookag
Corn and Wheat Lower with Technical Selling and Rain in HRW Areas, Technical Bounce in Soybeans: LC Consolidate After Contract Highs
Grains mixed, technical selling in corn/wheat and rain in HRW areas. Soybeans see a technical bounce. Live cattle consolidating after new contract highs, lower in hogs. @NollFamilyFarm joins @michellerookag
October 25, 2022 08:55 AM
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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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