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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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.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
Sam Hudson with Cornbelt Marketing says corn and soybeans were firmer on inflationary buying and optimism regarding the China summit. Cattle soared with higher cash.
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