Grain mixed with short covering in corn and beans waiting for fresh news, technical selling continues in wheat. Cattle higher with lower corn, higher cash and report positioning. Michelle Rook w/Randy Martinson, Martinson Ag.
Funds Cover Shorts in Row Crops, but Sell Wheat: Higher Cash, Report Ideas Support Cattle
Grain mixed with short covering in row crops waiting for fresh news, technical selling in wheat. Cattle higher with lower corn, higher cash and report positioning. Michelle Rook w/Randy Martinson, Martinson Ag.
November 18, 2022 12:58 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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