Grains are trying to recover are we working on reversals and short-term lows or is this just a dead cat bounce because we’re oversold? Was wheat chasing headlines this week? Cattle continue strong with some firmer cash will it continue? And what are outside markets telling us about the economy? Darin Newsom with Barchart covers it all!
Grains Bounce But Are We Putting in Short Term Lows: Cattle Extend Grains With Firmer Cash, What About Copper?
Grains are trying to recover, but are these short term lows? Was wheat chasing headlines this week? Cattle strong with some firmer cash. And what are outside markets hinting on the economy? Darin Newsom, Barchart.
May 19, 2023 09:09 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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