Soybeans higher following products, corn and wheat mixed chasing Russia headlines, weather, big reports and with first notice day, end of quarter of Friday. Cattle correcting after COF, lower cash and beef. Hogs strong helped by cash. John Payne, Hedge Point Global Markets has details.
Soybeans Follow Products Higher, Corn and Wheat Mixed on Weather, Russia Headlines, Reports: Hogs Strong, Cattle Weak
Soybeans higher following products, corn & wheat mixed chasing Russia headlines, weather, reports. Cattle correcting after COF, lower cash and beef. Hogs strong helped by cash. John Payne, Hedge Point Global Markets.
June 26, 2023 02:48 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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