Grains mixed ahead of the WASDE but also trading weather. Cattle are seeing some profit taking after new highs, while hogs bounce off new contract lows Thursday. Randy Martinson of Martinson Ag has more.
Grains Mixed Ahead of WASDE, Trading Weather: Cattle See Profit Taking Hog Try to Bounce Off Fresh Lows
Grains mixed ahead of the WASDE but also trading weather. Cattle are seeing some profit taking after new highs, while hogs hit new lows then try to bounce. Randy Martinson of Martinson Ag has more.
April 10, 2023 01:25 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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