Mixed Markets at Midday with Outside Markets Driving Money Flow in Commodities

Grain and livestock futures are trading mixed at midday. Fundamentals aren’t necessarily driving the markets but outside market influences and money flow. Michelle Rook talks Tommy Grisafi of Advance Trading.

Grain and livestock futures are trading mixed at midday. Fundamentals aren’t necessarily driving the markets but outside market influences that are causing money flow to dominate the market action. Michelle Rook gets insight from Tommy Grisafi of Advance Trading.

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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.
Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
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