Grains leaning higher with more China corn sales, calmer outside markets and report positioning. Livestock futures see profit taking after a higher day yesterday but cash cattle is expected to be higher this week which should keep the market supported. Brad Kooima of Kooima Kooima Varilek has more.
Grains Lean Higher with Calm Outside Markets, China Biz, Await Reports: Profit Taking in Livestock
Grains lean higher with China corn sales, calmer outside markets and report positioning. Livestock futures see profit taking but cash cattle called higher this week. Brad Kooima of Kooima Kooima Varilek has more.
March 28, 2023 09:07 AM
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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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