Grains end mixed with soybeans higher following new contract highs in meal, Argentina dryness and export biz. More technical selling in corn and wheat. Livestock under pressure on consolidation and lower product values. DuWayne Bosse of Bolt Marketing has details.
Markets Now: Soybeans Higher with New High in Meal, Corn and Wheat See More Technical Selling, Livestock Consolidate with Weak Products
Soybeans higher following new highs in meal, Argentina dryness and export biz. More technical selling in corn, wheat. Livestock lower on consolidation, lower product values. DuWayne Bosse of Bolt Marketing.
December 06, 2022 01:45 PM
Related Stories
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.
Read Next
New York launches $30 million relief program offering farmers up to $25,000 as tariff costs mount to $20,000 annually per operation.
