Corn and soybeans end higher but new crop leads putting weather premium. Wheat ignores crop ratings and weather, watches Black Sea news. Cotton rallies on China’s 4.5% jump in GDP. Fund buying, higher cutouts and strong cash support cattle. Darren Frye, Water Street Solutions has details.
New Crop Corn and Beans Higher Putting in Weather Premium, Cotton Rallies With China’s GDP: Cattle End Higher After Early Profit Taking
Corn and soybeans end higher but new crop leads putting weather premium. Wheat ignores crop ratings and weather, watches Black Sea news. Fund buying, strong cash supports cattle. Darren Frye, Water Street Solutions.
April 18, 2023 04:14 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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