Grains see early pressure removing war/risk premium, with lower crude oil & testing support areas, despite a 73.5 mb sale of corn to Mexico. Cattle and hogs higher with the pullback in corn. Michelle Rook w/ Kevin Duling of KD Investors.
Grains See Technical Selling Removing War Premium: Cattle and Hogs Higher with Lower Corn
Grains see early technical selling removing war/risk premium, with lower CO. Testing support areas, despite a 73.5 mb corn to Mexico. Cattle & hogs higher w/lower corn. Michelle Rook w/ Kevin Duling KD Investors.
November 16, 2022 09:04 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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