Grains end lower after beneficial rains in Argentina and technical selling, but how much more downside risk is there in the grains? Cattle bounce with friendly COF but this week’s cash is key, while hogs slide with cash again. DuWayne Bosse of Bolt Marketing has analysis.
Grains End Lower After Argentina Rains, Is There More Downside Risk? Cattle Bounce after COF, but Hogs Slide with Cash
Grains lower after beneficial Argentina rains and technical selling, but how much more downside is there? Cattle bounce with friendly COF, while hogs slide with cash. DuWayne Bosse of Bolt Marketing has more.
January 23, 2023 02:05 PM
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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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