Grain prices are mixed with livestock mostly lower. The markets are still digesting the current and future Fed moves and the geopolitical concerns in Russia Ukraine, plus weekly exports. Michelle Rook gets details with Joe Vaclavik of Standard Grain.
Grain Prices Mixed, Livestock Lean Lower: Still Digesting Fed Policy and Black Sea News
Grain prices are mixed with livestock mostly lower. The markets are still digesting the current and future Fed moves and the Russia Ukraine news. Michelle Rook gets details with Joe Vaclavik of Standard Grain.
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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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