Grains lower removing war premium with an extension of the Black Sea Export Deal and risk off outside markets. Feeders bounce on the lower grains, with live cattle mixed on report positioning. Hogs lower on exports and big slaughter. Michelle Rook is joined by Scott Varilek of Kooima Kooima Varilek.
Grains Lower with Black Sea Export Deal, Risk Off: Cattle Mixed on Report Positioning, Hogs Lower
Grains lower w/extension of Black Sea Export Deal, risk off outside markets. Cattle mixed on report positioning. Hogs lower on exports, big slaughter. Michelle Rook w/Scott Varilek of Kooima Kooima Varilek.
November 17, 2022 09:02 AM
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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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