Markets close mostly lower Tuesday with technical selling in the grains and positioning ahead of the WASDE, fading export biz. Lower crude oil also weighed on corn and soybean oil. Livestock consolidated in an inside day. Michelle Rook is joined by Garrett Toay of AgTraderTalk
Mostly Lower Closes with Technical Selling and Report Positioning in Grains: Livestock Consolidate in an Inside Day
Markets close mostly lower w/ technical selling in the grains, report positioning and fading export biz. Livestock consolidated in an inside day. Michelle Rook is joined by Garrett Toay of AgTraderTalk.
November 08, 2022 02:00 PM
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Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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