Grain and livestock futures all higher with a risk on day in outside markets, plus positioning ahead of USDA reports and end of the quarter brought some short covering. Mark Schultz of Northstar Commodity has details.
A Higher Day in Grain and Livestock: Risk on Outside Markets, Report Positioning Drive Action
Grain and livestock futures higher with a risk on day in outside markets, plus positioning ahead of USDA reports and end of the quarter brought some short covering. Mark Schultz of Northstar Commodity has details.
March 27, 2023 02:06 PM
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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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