Cattle end higher on stronger cash and ahead of the COF which confirmed tight supplies. Hogs lower for the week so is the market rolling over? Grains see a technical bounce as markets are oversold. Scott Varilek, Kooima Kooima Varilek, has analysis.
Cattle Higher with Stronger Cash and COF Confirming Tight Numbers, Hogs Roll Over: Grains See Technical Bounce
Cattle end higher on stronger cash and ahead of the COF which confirmed tight supplies. Hogs lower for the week. Grains see a technical bounce as markets are oversold. Scott Varilek, Kooima Kooima Varilek, has more.
September 22, 2023 02:39 PM
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Wednesday morning USDA reported a flash sale of 13.2 million bushels of soybeans to unknown destinations and Randy Martinson with Martinson Ag says the market is betting that its China.
Soybeans were sharply lower in the overnight trade and then saw a gap higher open during the day session on talk that China was in pricing U.S. soybeans says Brian Grete with Commstock Investments.
Vince Boddicker of Farmers Trading Company says while no sales have been confirmed, just the rumors of China in the U.S. market looking for bids brought buyers back into the market.
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