Another mostly lower day with fund liquidation in the grains. How much lower will grain prices go? Feeders make contract highs on the lower corn, but live cattle fade the Cattle of Feed. Hogs were also lower seeing consolidation. Kevin Duling of KD Investors has details.
Ag Markets End Mostly Lower on Fund Selling: How Much Lower Will Grains Go and Why Did Live Cattle Fade the COF?
Another mostly lower day with fund liquidation in the grains. How much lower will prices go? Live cattle see profit taking, fade the COF. Hogs also consolidated. Kevin Duling of KD Investors has details.
February 27, 2023 02:09 PM
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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.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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