Grains mostly lower with technical selling, the sharply higher dollar, weak exports, plus profit taking in soybeans with lower meal. Cattle consolidate despite steady to higher cash Thursday. Hogs mixed caught between lower cash verses the futures discount and strong exports. Michelle Rook talks with Don Roose of U.S. Commodities.
Grains Mostly Lower With Strong Dollar, Slow Exports, Profit Taking in Soybeans: Cattle Mostly Lower Despite Steady to Higher Cash
Grains mostly lower w/the strong dollar, weak exports & profit taking in soybeans. Cattle consolidate despite steady to higher cash. Hogs down with weaker cash. Michelle Rook w/ Don Roose of U.S. Commodities.
November 03, 2022 01:54 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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