A higher start in grain and livestock prices with higher outside markets like the DOW and crude oil helping out, but corn and wheat are continuing to trade the positive report numbers from Friday. Soybeans trying to follow and did see some export business this morning to help. Cattle are seeing corrective buying, with hogs sliding with more fund liquidation and lower cutouts. Michelle Rook gets details with Vince Boddicker of Farmers Trading Company.
Markets Start Mostly Higher in a More Risk on Day but Will Gains Hold?
Markets start mostly higher with a risk on day, report digestion continues and there was some export news, but will gains hold? Michelle Rook gets details with Vince Boddicker of Farmers Trading Company.
October 03, 2022 08:47 AM
Related Stories
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.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
