Grains end lower in a risk off session with the higher dollar, and no new bullish SA crop story. Plus, there was some profit-taking after hitting chart resistance. However, moisture in HRW areas also weighed on wheat. Milk futures continue to slide, will they bottom soon? Bryan Doherty of Total Farm Marketing has the answer.
Risk Off Day in Grains with Higher Dollar, Profit Taking: Milk Futures Also Continue to Slide
A risk off day in grains, with a higher dollar, no new bullish SA crop news and profit-taking after hitting chart resistance. Plus, are milk futures close to a bottom? Bryan Doherty, Total Farm Marketing has details.
February 15, 2023 02:31 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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