Grains were mostly higher with new contract highs in soybean meal putting in South American weather premium, but corn was a reluctant follower. Live cattle score new contract highs on higher cash, but can the market keep moving higher? Matt Bennett of AgMarket.Net has the answers.
Grains End Mostly Higher with Soybeans and Meal Putting in SA Weather Premium: Live Cattle Score Contract Highs
Grains mostly higher with new contract highs in soybean meal putting in SA weather premium, but how high can prices go? Live cattle hit new contract highs on higher cash. Matt Bennett of AgMarket.Net has details.
January 30, 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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