Grains continue mostly higher, but wheat has taken the lead. Soybeans see fund buying with lower Argentina crop ratings and contract highs in meal supportive, corn following but off early highs. Wheat has started to lead on short covering. Cattle are seeing profit taking after contract highs yesterday and higher cash. Hogs mixed. Kent Beadle of Paradigm Futures.
Grains Mostly Higher but Wheat Takes the Lead: Cattle See Profit Taking Despite Higher Cash, Hogs Mixed
Soybeans sees SA weather market, contract highs in meal supportive. Wheat now leading on short covering, corn following. Cattle see profit taking after contract highs, higher cash. Kent Beadle of Paradigm Futures.
December 30, 2022 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.
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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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