Cattle rebound after a lower day Monday, but will they negate the possible key reversal, and will cash be higher again? Nearby hogs continue to see fund selling. Profit taking and a change in weather pressure corn and beans. More with Brad Kooima of Kooima Kooima Varilek.
Cattle Rebound, Will They Negate Monday’s Reversal? Corn and Beans Set Back on Profit Taking and Weather, Even with Higher Wheat
Cattle bounce but will they negate the reversal, and will cash be higher again? Hogs mixed. Profit taking and a change in weather pressure corn and beans. Brad Kooima of Kooima Kooima Varilek.
April 04, 2023 09:20 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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