Grains start higher except wheat, then fund selling set in, despite strong corn exports, a lower Brazilian soybean number from CONAB and bean export business to unknown. Live cattle see more profit taking, feeder higher, will hogs hold early gains? Vince Boddicker of Farmers Trading Company has details.
Grains Start Mixed Then Fund Selling Sets In: Live Cattle Consolidate
Beans fade the higher opening, drug down by corn and wheat. Live cattle see more profit taking, feeders up on softer corn. Vince Boddicker of Farmers Trading Company.
March 09, 2023 09:25 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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