Grains mixed and rangebound, watching the outside markets, especially the sharply lower dollar. Cattle and hogs mostly higher pushed by strong cash. Michelle Rook gets analysis from Mark Schultz of Northstar Commodity.
Grains Mixed Watching Outside Markets, Lower Dollar: Cattle and Hogs Supported by Strong Cash
Grains mixed watching the outside markets, especially the sharply lower dollar. Cattle and hogs mostly higher pushed by strong cash. Michelle Rook gets analysis from Mark Schultz of Northstar Commodity.
October 26, 2022 11:26 AM
Related Stories
Soybeans were sharply lower in the overnight trade and then saw a gap higher open during the day session on talk that China was in pricing U.S. soybeans says Brian Grete with Commstock Investments.
Vince Boddicker of Farmers Trading Company says while no sales have been confirmed, just the rumors of China in the U.S. market looking for bids brought buyers back into the market.
Grains saw nice reversals and closed higher on Monday, which was a victory considering the amount of bearish news the market had to absorb according to Kevin Duling with KD Investors.
Read Next
Labeled as outlaws and facing millions in penalties, Wade and Teresa King face a state government hellbent on environmental justice.
