Grain and livestock prices open higher with help from the risk on in the outside markets, especially the lower dollar. Grains also seeing support from the crop progress numbers. However, cattle struggle to hold early gains. Michelle Rook talks with Steve Freed of ADM Investor Services.
Markets Start off Higher With Help From Risk On in the Outside Markets: Grains Consolidating While Cattle Struggle to Hold Gains
Grain and livestock prices open higher with help from the risk on in the outside markets. However, cattle struggle to hold early gains. Michelle Rook talks with Steve Freed of ADM Investor Services.
October 04, 2022 08:50 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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