Grains See Profit Taking on Extended Forecasts, Soybeans Fade Export Biz: Cattle Mixed with Lower Feed Prices, Await Cash

Grains see profit taking with better extended forecasts, plus a lack of fresh war news. Soybeans fade 33.4 mb of export biz. Livestock higher with lower feed prices. Allison Thompson with The Money Farm has details.

Grains lower on profit taking and removing weather premium with better extended forecasts, plus a lack of fresh war news. Soybeans are fading the 33.4 mb of export biz. Cattle mixed with lower feed prices and a rebound in equities, awaiting cash. Allison Thompson with The Money Farm has details.

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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.
Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
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