Grains mostly higher with more of a risk on day in outside markets and China corn business. Cattle struggle to recover after the recent fund selling tied to macroeconomic concerns, but hogs are trying to bounce. Is the fund selling done? Brad Kooima of Kooima Kooima Varilek has the outlook.
Risk on Day in Outside Markets Supports Grains, More China Corn Biz: Hogs Bounce, Cattle Struggle to Recover
Grains mostly higher with more of a risk on day in outside markets and China corn business. Hogs bounce, while cattle struggle to recover. Brad Kooima of Kooima Kooima Varilek has more.
March 21, 2023 09:12 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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