Grains are drifting lower with more favorable extended weather, sluggish exports and awaiting direction from the WASDE. Will USDA make yield adjustments? Cattle bounce with lower corn, while hogs consolidate. Joe Vaclavik, Standard Grain.
Grains Slide on Forecasted Rains, Exports and Ahead of WASDE: Cattle See Technical Bounce with Lower Corn
Grains lower with wetter extended weather, sluggish exports & awaiting direction from the WASDE. Will USDA make yield adjustments? Cattle bounce on lower corn, while hogs consolidate. Joe Vaclavik, Standard Grain.
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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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