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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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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