Grain and livestock markets melted down on Tuesday with a risk off day due to end of the month profit taking and more movement on Russia allowing Ukrainian exports. Michelle Rook talked about the slide with John Heinberg of Total Farm Marketing.
Markets Melt Down on Tuesday
Grain and livestock markets melted down on Tuesday.
June 01, 2022 08:45 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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