Grains end mostly lower on profit taking and improving weather forecasts. Cattle hit new highs on futures and northern cash and what’s the next move for crude oil? Darin Newsom with Barchart covers it all!
Grains End Mostly Lower on Profit Taking as Weather Improves, Cattle Hit New Highs: What’s the Next Move for Crude Oil?
Grains End Mostly Lower on Profit Taking as Weather Improves, Cattle Hit New Highs: What’s the Next Move for Crude Oil? Darin Newsom with Barchart covers it all!
April 06, 2023 02:05 PM
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Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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