Grain and livestock futures seeing some early strength. Grains see technical buying, with weather back drier in Argentina and strong corn exports. Cash grain prices holding strong according to Nick Tsoilis with The Farmer’s Keeper.
Early Strength in Grains and Livestock: Technical Buying in Grains with Drier Argentina Weather, Strong Corn Exports
Grain and livestock futures see early strength. Technical buying in grains, drier weather in Argentina and strong corn exports. Cash grain prices holding strong according to Nick Tsoilis with The Farmer’s Keeper.
February 02, 2023 08:55 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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