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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Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
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