Grain and livestock futures have all turned higher with a risk on tone to the market. Plus positioning in the grains and hogs ahead of USDA reports and end of quarter. Markets like soybeans and hogs were also over sold and due for short covering. Matt Bennet of AgMarket.Net has analysis.
Market Turn Mostly Higher with a Risk On Tone: Plus, Report and End of Quarter Positioning
Grain and livestock futures have all turned higher with a risk on tone to the market. Plus, positioning in the grains and hogs ahead of USDA reports and end of quarter. Matt Bennet of AgMarket.Net has analysis.
March 27, 2023 11:15 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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