Grains end higher with Russia suspending the grain export deal, but how much more war premium do the markets need? Cattle set back with higher feed prices, but is the market topping? Hogs end mixed. Michelle Rook is joined by Mike Zuzulo of Global Commodity Analytics.
Grains Higher as Russia Suspends Export Deal: Cattle Set Back with Higher Corn
Grains higher with Russia suspending the grain export deal, so how much higher do prices go? Cattle set back with higher feed prices, with hogs mixed. Michelle Rook is w/ Mike Zuzulo of Global Commodity Analytics.
November 01, 2022 11:20 AM
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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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