Grain and livestock futures turned mixed at midsession, trying to recover after a lower risk off opening. Macro markets are negative and that continues to cause some money flow issues that are impacting the commodity sector. Michelle Rook gets an update with John Heinberg of Total Farm Marketing.
Markets Turn Mixed: Try to Recover Midday after Early Risk Off Selling Pressure
Grain and livestock futures turned mixed at midsession, trying to recover after a lower risk off opening. Michelle Rook gets an update with John Heinberg of Total Farm Marketing.
September 16, 2022 11:20 AM
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Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
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