Grains and cattle under pressure with risk off outside markets, including sharply higher dollar after Fed move. Exports, cash prices also drivers. Michelle Rook talks with Darin Newsome of Darin Newsome Analysis.
Grains and Cattle Under Pressure with Risk Off Outside Markets, Sharply Higher Dollar: Markets Focus on Exports vs. Domestic Demand
Grains and cattle under pressure with risk off outside markets, including sharply higher dollar after Fed move. Exports, cash prices also drivers. Michelle Rook talks with Darin Newsome of Darin Newsome Analysis.
November 03, 2022 08:54 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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