Mostly higher markets at midday except soybeans, as wheat sees a corrective bounce and pulls corn along, while harvest pressure and lower soybean meal hits the soybeans. Livestock futures are seeing corrective buying. Michelle Rook has analysis with Pat Von Tersch of Professional Ag Marketing.
Markets Mostly Higher Midday Except Soybeans: Wheat Pulls Corn Higher, Corrective Buying in Livestock
Mostly higher markets except soybeans, as wheat sees a corrective bounce and pulls corn along. Livestock futures are seeing corrective buying. Michelle Rook talks to Pat Von Tersch of Professional Ag Marketing.
October 05, 2022 02:37 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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