Soybeans higher with contract highs in meal, while wheat saw more technical selling with moisture in HRW areas KC closed below $8 and that held back corn. Cattle hit more contract highs in deferred with a push from cash. Hogs continue to struggle with swelling numbers. John Heinberg of Total Farm Marketing has more.
New Highs in Meal Supports Soybeans, Wheat Drags Down Corn: Cattle Continue to Make New Highs
Soybeans higher w/ contract highs in meal. Technical selling in wheat w/ moisture in HRW areas held back corn. Deferred cattle hit more contract high w/ strong cash. John Heinberg, Total Farm Marketing has more.
March 06, 2023 10:11 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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