Grains open mostly higher, except wheat, trading risk on in outside markets, lower dollar, China COVID easing, SA weather. Live cattle and hogs extend gains and put in new contract highs after USDA reports.
Mostly Higher Markets Except Wheat, Feeders: Trading Outside Markets, SA Weather and Reports
Grains open mostly higher, except wheat, trading risk on in outside markets, lower dollar, China COVID easing, SA weather. Live cattle and hogs extend gains and put in new contract highs after USDA reports.
December 27, 2022 09:02 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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