Markets close mixed on Tuesday. The risk off session spilled over from outside markets and their reaction to the CPI. That triggered corrective action in both grains and livestock. Michelle Rook gets details with Brian Grete of Pro Farmer.
Markets Close Mixed: Risk Off Day from CPI Data Drives Corrective Action in Grains and Livestock
Markets close mixed on Tuesday. The risk off session and outside market reaction to the CPI triggered corrective action in both grains and livestock. Michelle Rook gets details with Brian Grete of Pro Farmer.
September 15, 2022 05:46 PM
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Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
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