Grains finish mostly lower Thursday with profit taking, slow exports and negativity in outside macro markets. What will be the focus for markets to end the year and then into 2023? Tommy Grisafi of Advance Trading provides insight.
Grains End Mostly Lower on EOY Profit Taking, Slow Exports, Macro Market Spillover: What’s Ahead in 2023?
Grains finish mostly lower Thursday with profit taking, slow exports and negativity in outside macro markets. What will be the focus for markets to end the year? Tommy Grisafi of Advance Trading provides insight.
December 22, 2022 02:31 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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