Grains are mixed midday, as the markets continue to consolidate under Monday’s highs. So are the tops in soybeans, meal and corn without further problems in South America? Cotton continues to slide despite lower acres. While cattle are also seeing profit taking under Monday’s contract highs waiting for cash news. Darren Frye of Water Street Solutions has details.
Grains Mixed Consolidating off Monday’s Highs Assessing Exports and SA Crop Size: Cotton and Livestock Lower
Grains mixed still consolidating under Monday’s highs. Are the tops in for now? Cotton is lower on economic concerns. Cattle also consolidate ahead of cash. Darren Frye of Water Street Solutions has more.
February 16, 2023 11:39 AM
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Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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