Grains higher with technical buying, weather and export news all factors. Cattle seeing profit taking awaiting cash, while hogs see some short covering. Michelle Rook has details.
Grains Higher on Technical Buying, Weather and Export News: Cattle See Profit Taking
Grains higher with technical buying, weather and export news all factors. Cattle seeing profit taking awaiting cash, while hogs see some short covering. Michelle Rook has details.
January 26, 2023 02:06 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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