Grains lower with more fund liquidation in pre-holiday trade, with SA rains and China COVID concerns, U.S. weather being watched. Livestock firmer with the lower feed prices and cold weather. Kevin Duling of KD Investors has details.
Grains Lower on More Pre-Holiday Fund Liquidation, SA Rains: Cattle Firmer on Weather, Lower Corn
Grains lower with more fund liquidation in pre-holiday trade, with SA rains and China COVID concerns. Livestock firmer with the lower feed prices and cold weather. Kevin Duling of KD Investors has details.
December 19, 2022 08:51 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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