Grains remain lower with more technical selling, extension of Black Sea Export Deal and risk off outside markets. Cattle firmer with lower corn and report positioning, plus $1 higher cash in the South. Hogs firming on more technical buying. Michelle Rook w/John Heinberg of Total Farm Marketing.
Grains Lower on Technical Selling, Black Sea Export Deal Renewal: Cattle Higher with Lower Corn, Higher Cash
Grains see more technical selling, extension of Black Sea Export Deal and risk off outside markets. Cattle firmer with lower corn and higher cash. Michelle Rook w/John Heinberg, Total Farm Marketing.
November 17, 2022 12:02 PM
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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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