Grains mixed with corn and wheat seeing more technical selling with the higher dollar, while soybeans are seeing a technical bounce, despite the continued sharp selloff in soybean oil. Live cattle see early pressure despite steady to higher cash, profit talking in hogs. Michelle Rook has analysis.
Grain and Livestock Futures Mixed Early: More Technical Selling in Corn and Wheat, Soybeans Bounce
Corn and wheat see more technical selling w/a higher dollar. Technical bounce in beans, despite the continued selloff in BO. Live cattle see early pressure despite steady to higher cash, profit talking in hogs.
December 02, 2022 08:54 AM
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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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