Grains close mixed Friday with profit taking and Argentina rain weighing on soybeans, but all the grains posted higher weekly closes. Cattle ended higher on Friday with $156 cash in the South and were up for the week. Hogs ended mixed on Friday on bear spreading but back months built on Thursday’s reversals. Randy Martinson of Martinson Ag has more.
Grains End Mixed Friday but Were Higher for the Week: Cattle Closed Higher with $156 Southern Cash
Grains close mixed Friday. Profit taking & Argentina rain weigh on soybeans, but all the grains had higher weekly closes. Cattle were up on $156 southern cash. Randy Martinson, Martinson Ag has more.
January 27, 2023 02:15 PM
Related Stories
Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
Read Next
As producers navigate financial strain and D.C. disconnect, realities such as steep input costs, trade frustrations and E15 limbo are becoming decisive factors shaping the rural vote.
