Grains end sharply higher on Friday and for the week on fund buying and weather concerns. If it stays dry how high will prices run and should farmers be selling? Cattle bounce but is a short term bottom in? Hogs mixed Friday but up strong for the week. Bryan Doherty, Total Farm Marketing has the wrap up.
Grains End Strong for the Week Pushed by Fund Buying and Weather: Cattle Recover, While Hogs are Mixed
Grains end sharply higher on Friday and for the week on fund buying, weather concerns. How high will prices run? Cattle bounce but is a bottom in? Hogs post a higher week. Bryan Doherty, Total Farm Marketing.
June 16, 2023 02:48 PM
Related Stories
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.
Read Next
Joel Gross contends a retaliatory hammer dropped on his operation, costing him hundreds of thousands of dollars.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
