Grains ended lower due to poor exports, the strong dollar, harvest pressure and technical selling. Cattle ended mostly lower despite higher cash and lower corn, while hogs had a gap higher open with fund buying, strong exports and higher cutouts supportive. Michelle Rook gets analysis from Ted Seifried of Zaner Ag Hedge.
Grains End Lower on Poor Exports and Strong Dollar: Cattle See More Selling Despite Higher Cash but Exports, Funds Support Hogs
Grains ended lower with poor exports, a strong dollar and harvest pressure. Cattle mostly lower despite higher cash, while hogs rallied on strong exports. Michelle Rook talks with Ted Seifried of Zaner Ag Hedge.
October 06, 2022 02:04 PM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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