Grains see corrective buying but will it hold? And does the wheat market need to add some weather premium? Livestock under pressure with cattle still ignoring the weather, while lower cash and cutouts weigh on hogs. Analysis with Allison Thompon of The Money Farm.
Grains See Turn Around Tuesday Corrective Buying: Livestock Mostly Lower
Grains see corrective buying but will it hold? And does the wheat market need to add some weather premium? Livestock under pressure. Analysis with Allison Thompon of The Money Farm.
December 20, 2022 08:48 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.
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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