Grain markets are lower as fund selling has escalated, wheat has made new contract lows. Livestock mixed. Shawn Hackett of Hackett Financial Services has details.
Grains See More Fund Selling With New Contract Lows in Wheat; Livestock Mixed
Grain markets are lower as fund selling has escalated while wheat makes new contract lows. Livestock markets are mixed. Shawn Hackett of Hackett Financial Services has details.
March 09, 2023 01:20 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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