Grain and livestock futures open mixed seeing profit taking and positioning ahead of the USDA’s supply and demand numbers. It is a big week for the markets. Michelle Rook explains with Mike Minor of Professional Ag Marketing.
Markets Open Mixed Ahead of WASDE
Grain and livestock futures open mixed seeing profit taking and positioning ahead of the USDA’s supply and demand numbers. Michelle Rook talks with Mike Minor of Professional Ag Marketing.
September 13, 2022 02:54 PM
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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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