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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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
Sam Hudson with Cornbelt Marketing says corn and soybeans were firmer on inflationary buying and optimism regarding the China summit. Cattle soared with higher cash.
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