Cattle and corn both see some buying interest midday with China corn business and cattle getting oversold ahead of the Cattle of Feed Report. Other sectors still concerned about macroeconomy. Jeff Hoogendoorn of Professional Ag Marketing has details.
Cattle and Corn Push Back Higher at Midday: Other Sectors Still Nervous About the Macroeconomy
Cattle and corn both see some buying interest midday with China corn sales, cattle oversold ahead of the COF Report. Other sectors still concerned about macroeconomy. Jeff Hoogendoorn of Professional Ag Marketing.
March 16, 2023 11:22 AM
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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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