Soybeans and meal are higher with corrective buying and putting back in some Argentina weather premium, corn is trying to follow, but poor exports are a headwind. Poor demand is also a factor for wheat. Cattle and hogs see follow through selling and disappointing cash. Joe Vaclavik of Standard Grain has analysis.
Joe Vaclavik Says Soybean Putting in SA Weather Premium, Corn Struggles with Poor Demand: Livestock Continue Lower
Soybeans higher on corrective buying, dry Argentina weather. Corn tries to follow but poor exports are a headwind. Cattle & hogs see follow through selling, trade cash. Joe Vaclavik of Standard Grain has analysis.
January 06, 2023 11:11 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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