Corn and wheat under pressure with COVID news in China and poor export inspections. Soybeans turn back higher with better export news and a rebound in crude oil. Livestock lower on demand fears. Michelle Rook is w/Shawn Hackett, Hackett Financial Advisors
Grains Turn Mixed as Soybeans Rebound on Export News: Livestock Lower on Demand Fears
Corn and wheat lower on China COVID concerns, poor exports. Soybeans reverse w/strong exports and a rebound in crude oil. Livestock down on demand fears. Michelle Rook is w/Shawn Hackett, Hackett Financial Advisors
November 28, 2022 11:34 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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