A mostly higher close except wheat, with continued short covering in corn and beans but how much more recovery will we see? Cotton prices are firmer with better China demand prospects while cattle move back higher following a rally in cash. Shawn Hackett with Hackett Financial Advisors has details.
Row Crops & Cotton See More Recovery, Will it Last? Cattle Pulled Higher by Strong Cash
A mostly higher close except wheat, w/ more short covering in corn and beans but how much more recovery will we see? Cotton prices firmer, while cattle up following cash. Shawn Hackett, Hackett Financial Advisors.
March 03, 2023 02:07 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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