Mostly higher markets, except corn. Soybeans made new highs for the move on the heels of higher soybean meal, dryness in Argentina and China demand. Wheat saw end of month short covering, while funds sold corn. Cattle higher with steady cash and hogs also saw short covering. Outside markets also support the commodity sector with the DOW rallying after less hawkish talk by Fed Chair Jerome Powell. Michelle Rook talks with Bryan Doherty of Total Farm Marketing.
Markets Close Mostly Higher Except Corn: End of the Month Positioning, Outside Markets, SA Weather
Soybeans made new highs for the move, with higher meal. Wheat saw short covering, funds sold corn. Cattle higher with steady cash and hogs also saw short covering. Bryan Doherty of Total Farm Marketing has details.
November 30, 2022 04:52 PM
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Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
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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.
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