Soybeans end lower as China refutes a change in their COVID policy and corn followed with poor export inspections. Wheat saw light technical buying and the lower dollar supportive. A big up day in livestock on technical buying and money flow. Michelle Rook has analysis with Arlan Suderman of StoneX Financial.
Soybeans Lower as China Refutes Easing COVID Policy, Corn Follows: Technical Buying Supports Livestock and Wheat
Soybeans end lower as China refutes COVID policy change, corn followed. Wheat mostly higher on technical buying. Livestock rally big on a technical correction. Michelle Rook w/ Arlan Suderman of StoneX Financial.
November 07, 2022 02:01 PM
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Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
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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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