Soybeans are up with meal, 18.5 mb of export biz and dryness in Argentina, corn is trying to follow while wheat is seeing more fund selling with a record Aussie crop. Livestock consolidate with higher corn and lower product values.
Grains Mixed Early with Soybeans Higher on Export Biz: Livestock Consolidate with Higher Corn
Soybeans are up with meal, 18.5 mb of export biz, dryness in Argentina, corn is trying to follow while wheat sees fund selling w/record Aussie crop. Livestock consolidate with higher corn and lower products
December 06, 2022 08:52 AM
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Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
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.
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