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Thursday Final Bell with Mike Zuzolo with Global Commodity Analytics | 9/19/24
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With the FEDS rating drop influencing market sentiment, traders are wading cautiously through the day. Wheat struggled to rally despite broader market movements, while technical indicators in the grains showed mixed signals, reflecting uncertainty. Weather remains a critical factor, impacting both harvest progress and crop conditions. Looking ahead, the Cattle on Feed report due tomorrow is expected to provide more direction for the livestock markets, as it will shed light on supply and feeding trends heading into the final quarter of the year.
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