Markets are mixed and quiet early today. Can corn and wheat recover after the technical damage done last week or will funds continue to sell? Soybeans continue to be supported by SA weather and China’s easing COVID policy, despite the implosion in BO. What’s ahead for cattle in the new year? Kevin Duling of KD Investors has details.
Markets Mixed Early: Soybeans Up with China COVID Policy Easing, Will Funds Keep Selling Corn and Wheat?
Markets are mixed early. Can corn and wheat recover after technical damage or will funds sell more? Soybeans up on easing China COVID policy. What’s ahead for cattle? Kevin Duling of KD Investors has details.
December 05, 2022 08:56 AM
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Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
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.
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