Grains end mixed with funds covering shorts in corn and beans but selling in wheat. Cattle futures supported by higher cash but can the momentum continue? Michelle Rook w/Oliver Sloup of Blue Line Futures.
Corn, Soybeans and Cattle Finish Higher: Funds Sell Wheat and Hogs
Grains end mixed with funds covering shorts in corn and beans but selling in wheat. Cattle futures supported by higher cash but will it continue? Hogs lower. Michelle Rook w/Oliver Sloup of Blue Line Futures.
November 18, 2022 02:08 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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