Grains just slightly lower corn holding support at the March lows. Are grains about ready to bottom and put in a spring rally? Cattle markets continue to consolidate and imply lower cash, but how much more downside risk is there? Will hogs ever bottom? Rich Nelson of Allendale covers it all!
Grains Slightly Lower but Are They Close to a Spring Low? Cattle and Hogs Also Pressured with Cash the Key
Grains quietly lower, but are the markets close to a bottom and ready to put in a spring rally? Cattle and hogs are under pressure with cash the key to bottoming. Rich Nelson of Allendale has more.
April 26, 2023 09:18 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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