AgDay TV Markets Now: Randy Martinson with Martinson Ag says grains rally on Friday as funds buy heading into the weekend and put in weather premium, cattle are in record territory. Will it continue?
AgDay TV Markets Now: Randy Martinson Says Grains Rally on Weather, Cattle in Record Territory. Will it Continue?
AgDay TV Markets Now: Randy Martinson with Martinson Ag says grains rally on Friday as funds buy heading into the weekend and put in weather premium, cattle are in record territory. Will it continue?
June 04, 2023 06:16 PM
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Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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