Markets closed mixed with corn, soybeans and cattle all ending higher as outside markets stabilized and China bought more U.S. corn. Hogs had some limit down moves on technical selling. Chuck Shelby with Risk Management Commodities wraps up the day.
Mixed Closes with Corn, Beans and Cattle Seeing Support as Outside Markets Stabilized
Markets closed mixed with corn, soybeans and cattle all ending higher as outside markets stabilized and China bought more U.S. corn. Hogs imploded on technical selling. Chuck Shelby, Risk Management Commodities.
March 16, 2023 02:06 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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