Grains extend gains after reversals and with strong exports and China soybean sales. Kevin Duling, KD Investors, says he can’t confirm a low yet. Cattle consolidate ahead of COF, while crude oil sees profit taking as well.
Grains Hold Gains After Reversals but Is this Bottoming Action?: Cattle and Crude Oil Consolidate
Grains extend gains after reversals, with strong exports & China soybean sales. Kevin Duling, KD Investors, says he can’t confirm a low yet. Cattle consolidate ahead of COF, while crude oil sees profit taking as well.
January 19, 2024 11:35 AM
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Mike Minor of Professional Ag Marketing says corn and soybeans were positioning ahead of the November WASDE with fears of higher yield.
Joe Kooima with Kooima Kooima Varilek says its difficult to say because the fundamentals are still sluggish with the north seeing heavy weight cattle that have not been able to find a home.
Dave Chatterton with Strategic Farm Marketing says the markets needs a catalyst like South American weather or demand to find a bottom.
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