Grains were leaning higher on Friday in a quiet session but were all down slightly for the week. Row crops are searching for direction and the next bullish story out of South America. Wheat may start to put in war premium with upcoming talks on the Black Sea Export deal. Live cattle scored contact highs with higher cash. Southern deals were $162 up $2. $257 in the north.
Grains Leaning Higher Friday but Down for the Week Looking for Direction: Live Cattle Make Contract Highs with Higher Cash
Grains leaning higher Friday but down for the week and searching for direction. Livestock lower except live cattle which hit more contract highs with higher cash. Chip Nellinger Blue Reef Agri-Marketing has analysis.
February 17, 2023 02:30 PM
Related Stories
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.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
