Corn, soybeans and products end higher on profit taking, report positioning and drier extended weather. Wheat mixed on spreads and with crop concerns for spring wheat. Cattle bounce, while cotton falls ahead of report. Shawn Hackett, Hackett Financial Advisors has details.
Row Crops and Spring Wheat End Higher on Profit Taking, Report Positioning, Weather: Cattle Bounce While Cotton Falls
Corn, soybeans and products end higher on profit taking, report positioning, drier extended weather. Wheat mixed on spreads. Cattle bounce, while cotton falls. Shawn Hackett, Hackett Financial Advisors.
July 10, 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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