Grains higher on short covering ahead of the holiday, export biz and weather. Cattle mostly higher heading into the report and with strong cash and cutouts, hogs consolidate with lower cash. John Payne of Hedge Point Global Markets has analysis.
Grains Higher on Technical Buying, Exports, Weather: Cattle Supported by Strong Cash and Cutouts
Grains higher on short covering, export biz and weather. Cattle mostly higher ahead of the report, with strong cash and cutouts, hogs consolidate with lower cash. John Payne of Hedge Point Global Markets.
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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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