Grains are mixed at midday with corn and soybeans trying to hold early gains with help from the easing dollar, decent exports and report positioning. Wheat is lower with some profit taking. Cattle and hogs are seeing short covering as they are oversold and weekly exports were also helpful. Michelle Rook talks with Randy Martinson of Martinson Ag.
Grains Mixed at Midday on Consolidation and Report Positioning: Livestock See Short Covering Bounce and Decent Exports Supportive
Corn and soybeans holding small gains helped by the weaker dollar and decent exports. Livestock supported by short covering and strong weekly exports. Michelle Rook talks with Randy Martinson of Martinson Ag.
September 29, 2022 11:19 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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