Grains end mostly higher after a reversal in the outside markets and shrugging off a bearish CPI. Plus Russia is threatening to pull out of the Black Sea export deal. Livestock mostly lower, despite some steady to firmer cash with $145 cash cattle in the South. Michelle Rook gets insight from Mike Zuzulo of Global Commodity Analytics.
Grains End Mostly Higher with Reversal in Outside Markets, Russia’s Threat to Exit Export Deal: Livestock Mostly Lower Despite Strong Cash
Grains end mostly higher after a reversal in outside markets & Russia’s threat to exit the export deal. Livestock mostly lower, despite firm cash. Michelle Rook talks to Mike Zuzulo of Global Commodity Analytics.
October 13, 2022 02:23 PM
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Arlan Suderman, chief commodities economist with StoneX, says the additional cut in winter wheat acres was a surprise but there were others as well.
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.
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