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Technical selling and recessionary fears weighed on most commodities Thursday, except cattle. Michelle Rook talks with Don Roose of U.S. Commodities about the technical damage in the grains.
B&B Farm Store defaulted on an estimated $1.3 million of grain they bought from 60 Jesup, Iowa area farmers. But that may not make farmers whole and points to a bigger problem.
Grains under pressure as recessionary fears have funds heading for the door. Cattle trying to bounce with pullback in corn. Michelle Rook talks with Ted Seifried of Zaner Ag Hedge.
Grains opened lower on recession fears and lower outside markets. Livestock futures are seeing a little early strength on short covering. Michelle Rook has details with Mike Zuzulo of Global Commodity Analytics.
Row crops saw fund selling in a risk off session, while wheat was higher on short covering. Cattle and hogs were mostly lower on fund liquidation and lower cash. Michelle Rook talks with Rich Nelson of Allendale.
Tentative Deals Reached with Some Rail Unions and Railroads: Still More Work to do to Avert a Strike
Tentative deals have been reached with three of the 12 rail unions and large U.S. freight railroads. However, there’s more work to do to avert a strike.
Grains turn mixed after lower opening, livestock mostly lower on end of the month position squaring and watching outside markets. Michelle Rook breaks it down with Chip Nelliger of Blue Reef Agri-Marketing.
Markets lower Wednesday except feeders in a risk off session, end of month positioning. Michelle Rook has details with Randy Martinson of Martinson Ag.
A risk off day in outside markets weighs on grains, and in turn supports the rally in livestock. Michelle Rook gets details with Kent Beadle of CHS Hedging.
Livestock higher on corrective bounce and lower grains. Corn and wheat see profit taking with follow through selling in soybeans in a risk off day. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.