Livestock and soybeans end higher with corn, wheat and the DOW fading early gains fueled by the better CPI news. Mark Schultz with Northstar Commodity has details.
Livestock and Soybeans End Higher: Corn, Wheat and Stock Market Fade Early Gains
Livestock and soybeans end higher with corn, wheat and stock market fading early gains fueled by the better CPI news. Mark Schultz with Northstar Commodity has details.
December 13, 2022 01:51 PM
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Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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