Soybean make new lows for the move with more fund selling, lower products and poor exports. That has pulled down corn and CH wheat. Cattle and hogs continue to struggle to recover despite higher cash cattle trade in the north. When will they bottom? John Payne of Hedge Point Global Markets has the update.
Funds Sell in Soy Complex Pulling Down Corn: Livestock Struggle to Hold Gains, When Will They Bottom?
Soybean make new lows for the move with more fund selling and lower products, that’s pulled down corn and CH wheat. Cattle and hogs continue to struggle to recover. John Payne, Hedge Point Global Markets has more.
March 23, 2023 12:21 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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