Grains open mixed with soybeans higher and feed grains mostly lower. Livestock start in the green but quickly turn mixed. Outside markets are stabilizing after the melt down yesterday and providing some support. Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
Grains and Livestock Futures Mixed Early: Outside Markets Stabilize to Help
Grains and livestock futures mixed early. Outside markets are stabilizing, providing some support. Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
September 15, 2022 05:46 PM
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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.
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