Grains continue higher with corn and wheat putting in war premium and pulling soybeans along. How high do we go if corn can close above $7? Cattle react negatively to higher corn, while hogs continue to see technical buying. Michelle Rook gets analysis with Jeff Hoogendoorn of Professional Ag Marketing.
Markets Continue Higher Except Cattle: Wheat and Corn Put in War Premium Which Weighs on Cattle
Grains higher with corn and wheat putting in war premium, pulling soybeans up. Cattle sell off with higher corn, while hogs see technical buying. Michelle Rook talks to Jeff Hoogendoorn, Professional Ag Marketing.
October 10, 2022 11:26 AM
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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.
Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
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