Grains higher on corrective bounce, positioning ahead of reports and assessing storm damage and weather. What will the market trade today with all those factors? Live cattle supported by steady cash in the north, feeders down with higher corn, hogs work in bearish report numbers. Randy Martinson, Martinson Ag has details.
Grains See Corrective Bounce Assessing Derecho Damage, Awaiting Reports: Cattle Mixed, Hogs Turn Mixed After Bearish Report
Grains higher on corrective bounce, positioning pre-report and assessing storm damage and weather. Live cattle supported by steady cash in the north, hogs work in bearish report numbers. Randy Martinson, Martinson Ag.
June 30, 2023 09:24 AM
Related Stories
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.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
