Grains are mostly higher with Mar soybeans above $15 with technical buying and support from SA weather, corn is also strong, but can it take out resistance? Livestock mixed to lower, seeing some end of year profit taking after new highs Tuesday. Jeff Hoogendoorn of Professional Ag Marketing has details.
Grains Mostly Higher Midday, Soybeans Hold Above $15: Livestock Consolidating After New Highs Yesterday
Grains mostly higher with support from SA weather, fund buying. Livestock trading mostly lower, with end of year profit taking after new highs Tuesday. Jeff Hoogendoorn of Professional Ag Marketing has details.
December 28, 2022 01:57 PM
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Jim McCormick of AgMarket.Net says the grain market has taken out premium tied to weather, war and China.
Scott Varilek with Kooima Kooima Varilek says the cattle market saw some pre-weekend positioning and was also trading news that a JBS beef slaughter plant in Pennsylvania was closing.
Chip Nellinger, Blue Reef AgriMarketing says corn saw pressure from weather and lack of bullish news in the WASDE.
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