Grains see a nice recovery putting weather premium back in on the forecasts and expansion of dry areas on the Drought Monitor. We also saw a technical selling exhaustion. Cattle are seeing some profit taking after contract highs and awaiting cash direction, hogs are also consolidating after two big up days. Scott Varilek of Kooima Kooima Varilek has details.
Grains See Technical Bounce Putting Weather Premium Back In: Livestock See Profit Taking With Higher Grains
Grains recover weather premium back on the forecast and Drought Monitor. We also saw a technical selling exhaustion. Profit taking in cattle and hogs. Scott Varilek of Kooima Kooima Varilek has details.
June 01, 2023 09:21 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.
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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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