Grains end mostly higher putting in SA weather premium, but soybeans can’t close above $15. Live cattle make new contract highs and fail. Matt Bennett of AgMarket.Net has insight.
Grains End Mostly Higher but Soybeans Fail Above $15: Live Cattle Also Make New Contract Highs and Fade
Grains end mostly higher putting in SA weather premium, but soybeans can’t close above $15. Live cattle make new contract highs and fail. Matt Bennett of AgMarket.Net has insight.
December 28, 2022 08:23 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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