Grains end mostly higher with bullish surprises on corn and soybean quarterly stocks pushing old crop contracts higher. Soybean acres were also lower than expected with corn above estimates at 92 million. There wasn’t much bullish in the report for wheat but it followed row crops. So where do prices go from here? Darren Frye, Water Street Solutions has analysis and also talks about new contract highs in cattle.
Grains End Mostly Higher on USDA’s Bullish Stocks and Soybean Acres, While Corn and Wheat Acres Rise
Grains close mostly higher after USDA Reports, where do prices go from here? Darren Frye, Water Street Solutions has report analysis and price projections, plus talks about new highs in cattle.
March 31, 2023 02:45 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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