Corn higher on more China business and strong weekly exports. Soybeans seeing more fund selling with slow exports. Cattle trade 2-sided but disappointing with higher cash trade in the north yesterday at $165-$167, with south at $163. Hogs make new lows for the move. Scott Varilek of Kooima Kooima Varilek has details.
Cattle Disappoint with Higher Northern Cash: Corn up on Export Biz, Soybeans and Hogs See More Fund Selling
Corn higher on China biz, strong weekly exports. Funds selling in soybeans. Cattle trade 2-sided but disappointing w/higher northern cash at $165-$167. Hogs make new lows. Scott Varilek, Kooima Kooima Varilek.
March 23, 2023 09:58 AM
Related Stories
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.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
