Grains and hogs see corrective buying with help from outside markets, especially sharp drop in the dollar...plus China easing its COVID policy. Cattle are seeing profit taking. Michelle Rook w/Pat Von Tersch of Professional Ag Marketing.
Grains and Hogs Mostly Higher on Corrective Buying, Sharply Lower Dollar, China Easing COVID Policy: Profit Taking in Cattle
Grains and hogs see corrective buying with help from sharp drop in dollar...plus China easing its COVID policy. Cattle are seeing profit taking. Michelle Rook w/Pat Von Tersch of Professional Ag Marketing.
November 11, 2022 09:01 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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