Grain and livestock markets ended mixed reacting to USDA reports, Black Sea news, outside markets and it was also end of quarter. Michelle Rook gets the summary with Bryan Doherty of Total Farm Marketing.
Mixed Closes in Grain and Livestock: Markets Trade Reports, End of Quarter, Outside Markets and Black Sea News
Grain and livestock markets ended mixed reacting to USDA reports, Black Sea news, outside markets and it was also end of quarter. Michelle Rook gets the summary with Bryan Doherty of Total Farm Marketing.
September 30, 2022 02:02 PM
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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.
Jamie Gieseke with Paradigm Futures says commodities are starting to gain favor with the funds on inflation fears and that includes grains. A China deal could just add fuel to the fire.
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