Grains mixed and quiet ahead of the WASDE report but outside markets have settled down. Livestock mostly lower with cattle consolidating awaiting cash direction and hogs pressured by rising numbers. Michelle Rook has a short update.
Grains Quietly Mixed Awaiting WASDE: Livestock See Early Pressure
Grains mixed & quiet ahead of the WASDE report but outside markets have settled down. Livestock mostly lower w/cattle consolidating awaiting cash and hogs pressured by rising numbers. Michelle Rook an update.
March 08, 2023 09:09 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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