Grains mostly higher with fund buying and SA weather supportive. Soybeans close above $15, will the rally keep going? Cattle and hogs trade two-sided on EOY positioning, with cattle awaiting cash direction. Chip Nellinger, Blue Reef Agri-Marketing has analysis.
Grains Mostly Higher with Beans Closing Above $15: Livestock Mixed to Higher
Grains mostly higher on fund buying and SA weather. Soybeans close above $15, will the rally keep going? Livestock trade two-sided on EOY squaring. Chip Nellinger, Blue Reef Agri-Marketing has more.
December 28, 2022 02:26 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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