Grains higher on technical buying, higher crude oil, export news, Argentina crop concerns, weather and risk premium. Profit taking in cattle with cash steady to lower and higher corn. Hogs higher but is the bottom in? Vince Boddicker of Farmers Trading Company has more.
Grains Higher on Technical Buying, CO, Risk and Weather Premium: Profit Taking and Steady to Lower Cash Hit Cattle
Grains higher on technical buying, higher CO, export news, Arg crop losses, weather & risk premium. Profit taking in cattle w/steady to lower cash. Hogs bounce. Vince Boddicker, Farmers Trading Company has more.
January 26, 2023 02:38 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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