Grains mixed before the reports but what was the market already telling us about what’s likely in the USDA numbers? We’re also seeing end of quarter profit taking in many markets including crude oil and the equities. Cattle hit more contract highs with higher cash, can it keep going? Hogs working in the report numbers but its also end of quarter. Darin Newsom with Barchart has details.
Grains and Hogs 2-Sided End of Quarter, Ahead of Reports: New Contract Highs in Cattle
Grains 2-sided of quarter and before the reports but what was the market already telling us about the UDSA numbers? Cattle hit more contract highs with higher cash, can it keep going? Darin Newsom, Barchart.
March 31, 2023 09:34 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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