Mixed markets on Wednesday. Corn, soybeans and cattle saw corrective selling and profit taking, short covering and weather concerns supported wheat. China sanction talk and a looming rail strike mixed in. Michelle Rook has full analysis with DuWayne Bosse of Bolt Marketing.
Markets Close Mixed Wednesday: Corrective Selling, China Tariff Talk, and Rail Strike Mixed In
Mixed markets on Wednesday. Corrective action, China sanction talk and a looming rail strike helped drive action. Michelle Rook has analysis with DuWayne Bosse of Bolt Marketing.
September 15, 2022 05:46 PM
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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.
Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
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