Corn and soybeans lower on fund selling and improved weather, poor soybean exports did not help. Cattle hit new contract highs with sharply higher cash trade. Joe Vaclacik of Standard Grain has analysis and a WASDE Report preview.
Corn and Soybeans Lower on Fund Selling and Better Weather: Cattle Hit New Highs with Sharply Higher Cash
Corn and soybeans lower on fund selling and improved weather. Cattle hit new contract highs with sharply higher cash trade. Joe Vaclacik of Standard Grain has analysis and a WASDE Report preview.
April 06, 2023 11:20 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.
