Cattle recover after profit taking Monday, but did not do technical damage. So will the market retest the highs and will cash be higher again this week? Hogs bounce but are in a sideways range. Grains are quietly mixed but corn tries to bounce off of new lows. Brad Kooima, Kooima Kooima Varilek has details.
Cattle Recover After Profit Taking Monday, Hogs Bounce: Grains Quietly Mixed With Corn Trying to Bounce After New Lows
Cattle recover after profit taking Monday. How high will prices go and will cash be higher again this week? Hogs bounce. Grains quietly mixed after new lows in corn. Brad Kooima, Kooima Kooima Varilek has more.
September 19, 2023 09:46 AM
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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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