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.
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.
September 15, 2022 05:45 PM
Related Stories
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.
Read Next
The question facing U.S. agriculture is whether current farm aid is a bridge through temporary hardship — or a pier toward more structural government support.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
