Global recession fears continue to drive risk off fund liquidation in most markets. U.S. dollar hitting new highs and poised to go up to 120. What does that mean for the grain and livestock markets? Harvest pressure and poor export inspections and Grain Stocks Report also eyed. Michelle Rook talks with Mark Schultz of Northstar Commodity.
Grain and Livestock Prices See Significant Fund Liquidation as Dollar Hits New Highs on Recessionary Fears
Global recession fears continue to drive risk off fund liquidation in the markets. Harvest pressure and Grain Stocks Report also eyed. Michelle Rook talks with Mark Schultz of Northstar Commodity.
September 26, 2022 01:53 PM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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.
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