Grains end mostly higher as soybeans extend their rally with Argentina weather concerns and fresh demand supportive, corn saw a second day of corrective buying. Cattle ended higher with the bounce in product. Light cash in the south at $154. Hogs consolidated after poor weekly exports. Michelle talks to Naomi Blohm with Total Farm Marketing.
Grains Mostly Higher as Soybeans See Export Demand: Livestock Mixed
Grains end mostly higher as soybeans w/Argentina weather, fresh demand supportive, technical buying in corn. Cattle higher w/firmer product. Poor weekly exports hit hogs. Naomi Blohm with Total Farm Marketing.
December 08, 2022 02:05 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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