Grains start higher after higher weekly closes, then fade as the market is also trading weather, planting progress and the WASDE. Cattle bounce after a lower week, while hogs trade 2-sided trying to consolidate after a tough down week. Tomm Pfitzenmaier with Summit Commodity Brokerage has more.
Grains Start Higher After Up Week, Then Fade: Cattle Try to Bounce After a Lower Week, Hogs 2-Sided
Grains start higher after higher weekly closes, but fade trading weather, planting progress, WASDE. Cattle bounce after a lower week, while hogs see 2-sided trade. Tomm Pfitzenmaier w/Summit Commodity Brokerage.
May 08, 2023 09:22 AM
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.
