Grains close higher putting in weather premium on hot dry extended forecasts but also some war premium after Russia attacked the Odessa port. How high will prices go? Live cattle have an impressive day with higher corn and lower feeders. While hogs consolidate. Brad Kooima, Kooima Kooima Varilek has details.
Grains Higher Putting in Weather and War Premium: Live Cattle Eye Contract Highs with Strong Cash
Grains higher on hot dry extended forecasts but also war premium after Russia attacked the Odessa port. Live cattle eye contact highs. While hogs consolidate. Brad Kooima, Kooima Kooima Varilek.
July 18, 2023 03:07 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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