Grains end sharply higher on Friday and for the week on fund buying and weather concerns. If it stays dry how high will prices run and should farmers be selling? Cattle bounce but is a short term bottom in? Hogs mixed Friday but up strong for the week. Bryan Doherty, Total Farm Marketing has the wrap up.
Grains up Sharply for Week on Fund Buying, Weather: Cattle Recover, Hogs Have Up Week
Grains end sharply higher Friday, for week on fund buying & weather concerns. If it stays dry how high will prices run? Cattle bounce but is a bottom in? Hogs up for the week. Bryan Doherty, Total Farm Marketing.
June 16, 2023 03:07 PM
Related Stories
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.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
