Grains open steady to lower with rains over the weekend in Argentina holding back soybeans and meal, but they are still in uptrends. A higher dollar and lower crude oil weigh on wheat and corn. Cattle opened mixed but look poised to move higher, with hogs lower. Tomm Pfitzenmaier with Summit Commodity Brokerage has details.
Grains Open Steady to Lower with Argentina Rains, Lower CO, Higher Dollar: Cattle Mixed, Hogs Lower
Grains open steady to lower with rains over the weekend in Argentina lower CO, higher dollar. Cattle opened mixed but look poised to move higher, with hogs lower. Tomm Pfitzenmaier with Summit Commodity Brokerage.
January 03, 2023 09:05 AM
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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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