Grains end higher on Friday and for the week. Is the market confirming a bottom? What could fundamentally change that trend? Cattle are lower for the week, but is there a bigger correction ahead? Hogs slide with increased sow liquidation. John Payne of Hedge Point Global Markets wraps up the week.
Grains Close Higher With Possible Bottom, While Livestock Post a Lower Week
Grains end higher Friday and for the week. Is the market confirming a bottom? A lower week for cattle on consolidation and hogs slide on sow liquidation. John Payne, Hedge Point Global Markets, shares insights.
May 05, 2023 02:26 PM
Related Stories
Don Roose with U.S. Commodities says the grains have seen rotating leadership but the bull market is currently being led by wheat and will needs continue Black Sea headlines to keep moving higher.
Scott Varilek with Kooima Kooima Varilek says after a bounce on Thursday many producers were asking if a bottom was starting to be forged but the negative stories won’t die down.
Shawn Hackett with Hackett Financial Advisors says he sees higher prices ahead for the grain markets.
Read Next
Farmers face potentially thousands in added costs as diesel inventories hit 40-year lows.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
