Grains higher on risk on day in outside markets, fund buying and fresh soybean export biz. Live cattle make new highs for the move on higher cash and fund buying, COF positioning. But feeders and hogs consolidate with higher corn. Michelle Rook talks with Jeff Hoogendoorn of Professional Ag Marketing.
Higher Cash, Funding Buying Pushes Live Cattle, While Hogs Consolidate: Grains See Fund Buying with Export Biz, Risk on Outside Markets
Live cattle new highs w/ higher cash, feeders and hogs consolidate. Grains up with funding buying, risk on outside markets and soybean export biz. Michelle Rook is with Jeff Hoogendoorn, Professional Ag Marketing.
October 20, 2022 11:32 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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