Grain prices mostly higher, except wheat in a risk on day with outside markets like crude oil higher and the dollar sharply lower. What will it take to get corn and soybeans to close above $7 and $14? A disappointing day in livestock futures which faded the equity rally and saw more fund selling on early strength. Michelle Rook has analysis with Brian Grete of Pro Farmer.
Grain Prices Mostly Higher Except Wheat, in a Risk on Day: Livestock Continue to See Fund Liquidation
Grain prices mostly higher, except wheat, in a risk on day, while livestock faded higher equities as funds liquidated. Michelle Rook talks with Brian Grete of Pro Farmer.
October 04, 2022 02:55 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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