Grain and livestock futures ended mixed on Friday. Some markets tried to recover from pressure on the opening that spilled over from the outside markets on continue macro economic concerns. Money flow and technical trading will dominate action heading into the FOMC meeting next week. Michelle Rook talks about that with Alan Brugler of Brugler Marketing.
Grain and Livestock Futures Close Mixed Friday: Trading Macro Economics, Technicals
Grain and livestock futures ended mixed on Friday. Money flow and technical trading dominate action heading into the FOMC meeting next week. Michelle Rook talks about that with Alan Brugler of Brugler Marketing.
September 16, 2022 02:13 PM
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
Sam Hudson with Cornbelt Marketing says corn and soybeans were firmer on inflationary buying and optimism regarding the China summit. Cattle soared with higher cash.
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