Grain and livestock prices continued lower into the close on Friday with the risk off day in the outside markets, especially the fresh highs in the dollar. Michelle Rook summarizes the day and looks ahead at how long the pain will continue with Jim McCormick at AgMarket.Net.
Friday Market Prices All Lower as Risk Off Day in Outside Markets Spills Over, Including Fresh Highs in the Dollar
Grain and livestock prices continued lower into the close on Friday with the risk off day in the outside markets. Michelle Rook looks at how long the pain will continue with Jim McCormick at AgMarket.Net.
September 23, 2022 02:15 PM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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