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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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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