Grains mostly higher as a couple private companies cease exports in Russia and China buys more corn. However, many markets are running into chart resistance. Cattle supported by strong cash ideas and hogs see more fund selling. Vince Boddicker of Farmers Trading Company has details.
Grains Mostly Higher on Russia Export News, China Demand: Cattle Strong, but Hogs Weak
Grains mostly higher as some private companies cease exports in Russia and China buys more corn. Cattle supported by strong cash ideas and hogs see more fund selling. Vince Boddicker of Farmers Trading Company.
March 29, 2023 11:21 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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