Grains and cotton end higher on the partial easing of China’s COVID policies, higher crude oil and the lower dollar, continuing to digest the CPI data. Cattle saw profit taking. Michelle Rook wraps up the week with Tommy Grisafi of Advance Trading.
Grains, Cotton End Higher on China COVID News, Lower Dollar: Profit Taking in Cattle
Grains and cotton higher on easing China COVID policies, higher crude oil, sharply lower dollar, continuing to digest the CPI data. Cattle saw profit taking. Michelle Rook w/ Tommy Grisafi of Advance Trading.
November 11, 2022 03:47 PM
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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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