A mostly lower day in grain and livestock futures with technical selling. Funds were cautious ahead of the Fed announcement of a 50-basis point increase. Don Roose of U.S. Commodities has analysis.
Markets Closed Mostly Lower with Technical Selling, Caution Ahead of Fed Announcement
A mostly lower day in grain and livestock futures with technical selling. Funds were cautious ahead of the Fed announcement of a 50-basis point increase. Don Roose of U.S. Commodities has analysis.
December 15, 2022 07:51 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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