Grain and livestock futures close higher on Wednesday. What was behind the commodity wide rally and new contract highs in live cattle? Darren Frye of Water Street Solutions has the answer.
Grain and Livestock Futures End Higher with New Contract Highs in Live Cattle: What was Behind Today’s Commodity Wide Rally?
Grain and livestock futures close higher on Wednesday. What was behind the commodity wide rally? Darren Frye of Water Street Solutions has the answer.
December 21, 2022 02:05 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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