Mostly lower markets with spillover from a risk off day in outside markets w/election reaction and report positioning. Soybeans are holding up better with 17 mb of export biz. Michelle Rook talks with Rich Nelson of Allendale.
Grains Mostly Lower with Outside Market Spillover and Report Positioning: Livestock Mixed
Mostly lower markets with spillover from a risk off day in outside markets w/election reaction, report positioning. Soybeans are holding up w/ 17 mb of export biz. Michelle Rook with Rich Nelson of Allendale.
November 09, 2022 08:50 AM
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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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