After another ugly selloff Monday grain and livestock prices try to recover with a more risk on day in outside markets, including a pull back in the dollar index. The key is can we hold on to the gains until the close and build on that strength going forward? Michelle Rook asks DuWayne Bosse of Bolt Marketing.
Grain and Livestock Prices Rebound with Risk on Day in Outside Markets, Including Lower Dollar: Can we Hold into the Close?
Grain and livestock prices try to recover Tuesday with a more risk on day in outside markets, including a pull back in the dollar. Michelle Rook talks with DuWayne Bosse of Bolt Marketing.
September 27, 2022 08:49 AM
Related Stories
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.
Jamie Gieseke with Paradigm Futures says commodities are starting to gain favor with the funds on inflation fears and that includes grains. A China deal could just add fuel to the fire.
Read Next
The U.S. House approved legislation to allow year-round sales of E15 gasoline nationwide, aiming to lower fuel prices while facing pushback over potential refinery costs and the impact on the national debt.
