Grain markets lower on Tuesday on light preholiday volume. Demand concerns and China’s rising COVID cases caused light technical selling. Cattle saw profit taking pressure with hogs mixed. Michelle Rook with Randy Martinson of Martinson Ag.
Grains Lower with Technical Selling, Demand Woes, Holiday Trade: Cattle see Profit Taking, Hogs Mixed
Grains lower on light preholiday volume. Demand concerns & China’s rising COVID cases caused light technical selling. Cattle saw profit taking pressure with hogs mixed. Michelle Rook w/ Randy Martinson, Martinson Ag.
November 22, 2022 04:21 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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