Soybeans and livestock falling with the bank failure in Europe and the risk off trade in outside markets. Corn is higher with China export business, while wheat is watching the Black Sea headlines. Nick Tsiolis of Farmers Keeper has more.
Soybeans Down with Risk Off on Bank Failure in Europe, Corn Firm With China Export Biz, Wheat Watching Black Sea Headlines
Soybeans and livestock falling with risk off in outside markets and the bank failure in Europe. Corn higher on China export business, wheat watching Black Sea headlines. Nick Tsiolis of Farmers Keeper has more.
March 15, 2023 09:17 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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