Grains end mostly higher Monday on weather and technical buying heading into the WASDE. Cattle futures make more new contract highs on record high cash and the tightest numbers are yet to come. DuWayne Bosse of Bolt Marketing has more.
Grains Higher Except Soybeans Trading Weather and WASDE: Contract Highs in Cattle After Record Cash
Grains end mostly higher Monday on weather and technical buying heading into the WASDE. Cattle futures make more new contract highs on record high cash but is the top in sight? DuWayne Bosse of Bolt Marketing.
April 10, 2023 02:14 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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