Grains close lower with soybeans pressured by lower soybean oil and SA rains, corn and wheat removed war premium. However, corn held support with the largest one day purchase of corn by Mexico ever. Livestock ended higher with technical buying and softer corn helping out. Michelle Rook talks with Alan Brugler of Brugler Marketing.
Soybeans Lower Following Soybean Oil, Grains Removed War Premium: Technical Buying Supports Livestock
Grains close lower with soybeans pressured by lower soybean oil and SA rains, corn and wheat removed war premium. Livestock ended higher with technical buying. Michelle Rook w/ Alan Brugler, Brugler Marketing.
November 16, 2022 02:06 PM
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Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
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