Grains closed quietly mixed after the WASDE with few changes in the balance sheets except U.S. corn. Argentina weather concerns were the biggest market mover for the week with soybean meal scoring new contract highs putting in weather premium. Cattle higher Friday, despite lower cash. Hogs had a tough down week. Michelle talks to Garrett Toay AgTraderTalk.
Grain Close Mixed After Uneventful WASDE, SA Weather in Focus: Cattle End Higher, Hogs Mixed
Grains close mixed after the WASDE with few changes except U.S. corn carryover. Argentina dryness was the big focus. Cattle higher, despite lower cash. Hogs down for the week. Garrett Toay AgTraderTalk.
December 09, 2022 02:32 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.
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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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