Grain and livestock futures open mixed with better than expected CPI data impacting the outside markets w/ dollar plunging. Exports disappointing and market still digesting the WASDE. Michelle Rook w/ Steve Freed of ADM Investor Services.
Markets Mixed After Poor Exports, Better Than Expected CPI Plunges the Dollar
Grain and livestock futures open mixed with CPI data supporting outside markets & dollar plunging. Exports disappointing and market is still digesting the WASDE. Michelle Rook w/ Steve Freed of ADMIS.
November 10, 2022 11:34 AM
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Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
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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