Grains rebound with technical buying under light holiday volume but are we trading weather? Live cattle set back on profit taking ahead of the COF report, with hogs lower following cash. Brian Grete of Pro Farmer has analysis.
Grains See Technical Rebound with Light Holiday Volume: LC and Hogs End Lower
Grains rebound on technical buying with thin holiday volume, but can soybeans hit $15? Live cattle lower on profit taking ahead of COF report, with hogs following lower cash. Brian Grete, Pro Farmer has analysis.
December 20, 2022 02:31 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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