Grains reverse trend from Thursday with profit taking and spread unwinding pressuring wheat and corn, while soybeans are higher on 21.7 mb of fresh export business. Weekly exports were disappointing for grains and cattle, but strong for hogs which are supportive. Cattle open higher but can’t hold gains, despite a new yearly high on cash. Michelle Rook gets details with Allison Thompson of The Money Farm.
Grains Open Mixed with Soybeans Supported by Fresh Export Biz: Hogs See Strong Exports, Cattle Fade Early Gains Despite Higher Cash
Grains mixed on spread unwinding, with soybeans up on 21.7 mb of fresh export business. Hogs higher on strong exports. Cattle lower despite higher cash. Michelle Rook talks to Allison Thompson of The Money Farm.
October 14, 2022 08:46 AM
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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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