Grains lower with profit taking in a risk off session in the outside markets like crude oil and the dollar. But are SA crop concerns worked into the market? Livestock 2-sided early with live cattle waiting for cash direction. Scott Varilek of Kooima Kooima Varilek has details.
Grains Down on Profit Taking and Risk Off in Outside Markets, but are SA Crop Concerns Dialed in? Livestock 2-Sided, Cattle Await Cash
Grains lower on profit taking with risk off in outside markets. But are SA crop concerns worked in? Livestock 2-sided with live cattle waiting for cash direction. Scott Varilek of Kooima Kooima Varilek has more
February 15, 2023 09:28 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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