Grains end with corn slightly higher and wheat off session lows. So, has the market absorbed the Black Sea Export Deal extension? Soybeans saw technical selling pressure with the sharp drop in bean oil and SA weather. Cattle higher on lower corn, $1-$2 higher cash trade and report positioning. Will LC take out the contract highs? Michelle Rook w/Matt Bennett, AgMarket.Net
Grains End Mixed, Has the Market Worked in Black Sea Export Deal? Cattle Follow Higher Cash
Corn ends slightly higher, wheat off lows, absorbing the Black Sea Export Deal extension. Soybeans saw technical selling pressure w/lower BO. Cattle strong w/higher cash. Michelle Rook w/Matt Bennett, AgMarket.Net
November 17, 2022 02:13 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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