Grains open sharply lower on news Russia is extending the export deal. Cattle higher with help from lower corn, but awaiting the Fed decision and cash direction. Hogs set back. @michellerookag with @scottevarilek
Grains Open Sharply Lower as Russia Resumes Export Deal: Cattle Higher with Lower Corn Awaiting Cash and Fed Decision
Grains open sharply lower on news Russia is resuming the export deal. Cattle higher w/lower corn but awaiting Fed decision and cash direction. Hogs set back. @michellerookag w/ @scottevarilek
November 02, 2022 09:11 AM
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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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