Livestock futures give up early gains with more fund selling despite friendly outside markets. Grains trying to hold gains with dollar plunging, with soybeans still consolidating. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
Livestock See Technical Selling Giving up Early Gains Despite Friendly Outside Markets, Grains Hold Together With Plunging Dollar
Livestock futures give up early gains with more fund selling despite friendly outside markets. Grains trying to hold gains. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
October 04, 2022 11:26 AM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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