Markets Close Mostly Higher on Short Covering: Rally in Grains Led by Wheat With Conflicting Reports of Russia Export Ban
Markets Now Closing Markets 3-24-23 Video
Markets closed mostly higher Friday except feeders. The short covering rally in grains was led by wheat with conflicting reports of a Russia wheat ban, but more China sales supported corn. The question is are the funds done liquidating in soybeans? Live cattle and hogs also saw a technical bounce. Tomm Pfitzenmaier of Summit Commodity Brokerage has details.