Corn and soybeans close lower trading extended weather, WASDE, exports, outside markets. Wheat supported by short covering and putting in some war premium. Cotton lower but still in its trading range, while cattle take out April highs after record cash last week. Shawn Hackett of Hackett Financial Advisors has details.
Corn, Beans, Cotton Lower on Weather, WASDE, Exports: Cattle Take Out April Highs on Record Cash
Corn, beans, cotton lower trading weather, WASDE, exports, outside markets. Wheat higher on short covering. While cattle hit new highs w/record cash. Shawn Hackett, Hackett Financial Advisors has more.
June 05, 2023 02:27 PM
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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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