USDA’s Quarterly Grains Stocks were the bullish story for corn and beans overshadowing the larger corn acreage at 92 million. Jim McCormick of AgMarket.Net has analysis.
Grains Stocks Provide Bullish Surprise in USDA Report: Corn and Wheat Acres Higher Than Expected, Soybeans Lower
USDA’s Quarterly Grains Stocks were the bullish story for corn and beans overshadowing the larger corn acreage at 92 million. Jim McCormick of AgMarket.Net has analysis.
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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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