Corn and wheat were weaker on poor export inspections and a higher dollar. Cotton was limit down with rising COVID cases, while soybeans shook off the news with strong demand. Cattle saw big gains on the bullish COF report. Michelle Rook w/Mike Zuzulo Global Commodity Analytics.
Grains Mixed on Demand News, Dollar: Livestock Higher with Cattle Pushed by COF
Corn & wheat weaker on slow demand. Soybeans shook off the rising China COVID cases with strong export inspections. Cattle rallied on the COF report. Michelle Rook w/Mike Zuzulo Global Commodity Analytics.
November 21, 2022 02:08 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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