Grains are mostly higher this morning with word Cargill is stopping exports out of Russia, plus another 8 mb of China corn sales and they could be looking for beans as well. Live cattle slightly higher with risk on outside markets and strong fundamentals. Kevin Duling of KD Investors has analysis.
Grains Mostly Higher as Cargill Stops Russian Exports, China Buys Corn....Again
Grains mostly higher as Cargill stops Russia exports, plus another 8 mb of China corn sales and they could be looking for beans. Live cattle slightly higher with risk on outside markets. Kevin Duling, KD Investors.
March 29, 2023 09:09 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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