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Live cattle see profit taking after bullish COF and cash ideas. Hogs seeing fund buying and bull spreads, corn is two-sided watching outside markets. Michelle Rook w/Brad Kooima, Kooima Kooima Varilek.
Farmers in dry climates are taking a holistic approach to flipping their soil to make it healthier and that includes cover crops.
Grains Quiet and Two-Sided Early Watching Higher CO, Lower Dollar: Cattle see Profit Taking, Hogs Up
Grains slightly higher early with higher CO & the lower dollar, despite China COVID lockdowns. Cattle see profit taking, hogs extend gains. Michelle Rook w/Tomm Pfitzenmaier of Summit Commodity Brokerage.
Farmers and livestock producers are facing another headache this fall. In parts of the eastern corn belt there are reports of vomitoxin in corn.
Corn and wheat weaker Monday with slow export inspections and a higher dollar, while soybeans shook off China COVID concerns on strong export shipments. Michelle Rook & Mike Zuzulo, Global Commodity Analytics.
Corn & wheat weaker on slow demand. Soybeans shook off the rising China COVID cases with strong export inspections. Cattle rallied on the COF report. Michelle Rook w/Mike Zuzulo Global Commodity Analytics.
Grains lower on technical selling and the risk off in outside markets w/rising COVID cases in China. Cattle open higher w/bullish COF report, hogs mixed. Michelle Rook w/Allison Thompson of The Money Farm.
The Black Sea Grain Initiative has been extended for 120 days from Nov. 18, without any changes. The deal is bearish for U.S. corn and wheat exports, which are already lagging.
Is Mexico’s recent corn buying spree a coincidence, or are they front loading ahead of their GMO ban?
Grains manage to hold key support areas despite the volatile week. Where does the market go from here? Michelle Rook asks Oliver Sloup of Blue Line Futures.