Grains all turn higher on weather and technicals, plus soybeans supported by the possible strike in Argentina & NOPA crush. Cattle rebound with higher boxed beef and cash ideas, with short covering in hogs. DuWayne Bosse of Bolt Marketing explains.
Grains All Higher on Weather, Argentina Strike, Technicals: Cattle Resume Rally on Higher Cash Ideas with Short Covering in Hogs
Grains all higher on weather and technicals, plus soybeans eye a strike in Argentina & NOPA crush. Cattle bounce on higher beef and cash ideas, with short covering in hogs. DuWayne Bosse of Bolt Marketing explains.
April 17, 2023 11:33 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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