Grains ended lower on Wednesday, initially reacting to news Russia was considering allow Ukrainian food exports, but with conditions. However, markets rebounded off their lows. Livestock futures could not hold on to early gains despite the lower grains. Michelle Rook has the analysis of the day with Rich Nelson of Allendale.
Markets Lower But Rebound Off Lows, Livestock Mixed
Grains slid again on Wednesday, but ended off lows. Livestock faded early gains.
May 25, 2022 02:32 PM
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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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