Grain markets end mostly higher Friday on end of month profit taking but post lower weekly closes. Is the fund/technical selling over? Cattle consolidate but held up well with some weaker cash on a limited test. Are hogs bottoming? Bryan Doherty @TotalFarmMktg has more.
Grains End Mostly Higher After A Tough Week but are Funds Done Selling? Cattle Consolidate with Weaker Cash, With Hogs Higher
Grain markets end mostly higher Friday on end of month profit taking. Is the fund selling over? Cattle consolidate with weaker cash. Are hogs bottoming? Bryan Doherty @TotalFarmMktg has more.
April 28, 2023 02:21 PM
Related Stories
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.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
