Markets start mixed on Friday with corrective buying in corn and wheat, while soybeans see continued harvest pressure. More technical selling in the cattle, despite strong cash and hogs try to extend gains. Michelle Rook has analysis with Scott Varilek of Kooima Kooima Varilek.
Markets Mixed with Corrective Buying in Corn and Wheat: More Technical Selling in Soybeans and Cattle
Markets mixed with corrective buying in corn & wheat. More technical selling in the cattle, despite strong cash and hogs try to extend gains. Michelle Rook has analysis with Scott Varilek of Kooima Kooima Varilek.
October 07, 2022 08:53 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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