Livestock continue to rally on technical buying and strong fundamentals. Grains mixed with corn and soybeans seeing technical selling, harvest pressure and export concerns, wheat bounces. Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
Livestock Rally on Technical Buying and Strong Fundamentals: Corn and Beans See Fund Selling, Harvest Pressure and Export Concerns
Livestock rally on technical buying and strong fundamentals. Corn and beans see fund selling, harvest pressure and export concerns, wheat bounces. Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
October 19, 2022 08:47 AM
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Arlan Suderman, chief commodities economist with StoneX, says the additional cut in winter wheat acres was a surprise but there were others as well.
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.
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