Grains under pressure on higher dollar and recessionary concerns, talk of an extension of the Ukraine export deal, rain chances in winter wheat areas, plus harvest pressure hits row crops. LC see profit taking ahead of the cattle on feed report and hogs are mixed. Michelle Rook talks with Randy Martinson of Martinson Ag.
Grains Lower on Harvest Pressure, Export News, Higher Dollar: LC see Profit Taking Ahead of Report, Hogs Mixed
Grains under pressure on higher dollar, Ukraine export news, rain chance in wheat areas, harvest pressure. LC see profit taking ahead of COF, hogs mixed. Michelle Rook talks with Randy Martinson of Martinson Ag.
October 21, 2022 08:59 AM
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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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