A risk off day in outside markets with the bank default news spreading to Europe, which has the DOW and crude oil sharply lower, the dollar sharply higher. That is weighing on soybeans and livestock. Corn and wheat seeing a bounce on short covering and China export business. DuWayne Bosse of Bolt Marketing has more.
Soybeans and Livestock Under Pressure with Risk Off in Outside Markets: Corn and Wheat Firmer on Short Covering and China Biz
A risk off day in outside markets is weighing on soybeans and livestock. Corn and wheat seeing a bounce on short covering and China export business. DuWayne Bosse of Bolt Marketing has more.
March 15, 2023 11:27 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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