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.
September 22, 2022 11:18 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.
