Grains under pressure with risk off outside markets and end of month positioning, despite some fresh soybean export biz. Live cattle correcting, while hogs are firmer on short covering. Michelle Rook talks with Rich Nelson of Allendale.
Grains and Cattle Lower with Risk Off Outside Markets and End of Month Positioning: Hogs See Short Covering
Grains lower with risk off outside markets and end of month positioning, despite soybean export biz. Live cattle correcting, while hogs are firmer on short covering. Michelle Rook talks to Rich Nelson, Allendale.
October 28, 2022 08:47 AM
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Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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