Markets are lower except for cattle. Markets are lower except for cattle. Grains are seeing profit taking, with lower crude oil, U.S. and SA weather a factor as well as exports. What continues to keep grains at these current price levels and what could change all that? A longer term outlook with Steve Freed ADM Investor Services.
Profit Taking Pulls Grains Lower, Plus Weather, Crude Oil, Export News: What Could Move Grains Out of Their Current Ranges?
Grains see profit taking, with lower crude oil, U.S. and SA weather a factor as well as exports. What’s keeping grains at these current price levels and what could change that? The outlook w/Steve Freed ADMIS.
February 09, 2023 11:41 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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