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
Related Stories
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.
After a down day on Tuesday the grain markets were higher early Wednesday a result of short covering according to Lane Akre, economist with Pro Farmer. However, he thinks the market has also taken out too much weather premium.
Read Next
Reopening of the global fertilizer supply pinch point gives optimism but many questions remain.
