Corn and soybeans strong early, shaking off the outside market negativity, but will it hold? Wheat sees some profit taking. Cattle also trying to hold together but with stock market jitters continue to cause fund and technical selling. Hogs seeing short covering early. Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
Row Crops and Hogs Gain Early Shaking Off Outside Markets: Cattle see more Technical Selling, Profit Taking in Wheat
Row crops strong early shaking off the outside markets, but will it hold? When will the fund and technical selling end in livestock? Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
September 29, 2022 08:52 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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