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.
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Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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