Corn and wheat are mostly lower on spreads and profit taking, despite cold temps this weekend and concerns about Black Sea exports. Soybeans supported by tight supplies and the Argentina grain inspectors strike. Cattle higher with ideas of higher cash this week. Crude oil, metals and the dollar have all had big moves, will that continue? Kevin Duling of KD Investors explains.
Corn and Wheat Mostly Lower on Spreads & Profit Taking, Argentina Strike Support Beans: Cattle Up with Higher Cash Ideas
Wheat and corn mostly lower on spreads & profit taking, despite cold weekend temps. Soybeans up on Argentina strike. Cattle rebound on higher cash ideas. Kevin Duling, KD Investors explains.
April 17, 2023 10:56 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.
