A mixed start in the grain and livestock futures, with outside markets turning negative after disappointing CPI data. Michelle Rook gets the latest with Mark Schultz of Northstar Commodity.
Grain and Livestock Futures Open Mixed, Outside Markets Spillover After Negative Reaction to CPI
A mixed start in the grain and livestock futures, with outside markets turning negative after disappointing CPI data. Michelle Rook gets the latest with Mark Schultz of Northstar Commodity.
September 13, 2022 02:54 PM
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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.
Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
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