Grains mostly higher except old crop corn as we see short covering ahead of the end of the month and USDA data dump. Livestock consolidate with inside days in both cattle and hogs. DuWayne Bosse of Bolt Marketing has more.
Soybeans Rally with Meal on Corrective Buying Ahead of Report, Corn and Wheat Try to Follow: Livestock Consolidate
Grains mostly higher except old crop corn, with short covering ahead of the end of the month and USDA data dump. Livestock consolidate with inside days in cattle and hogs. DuWayne Bosse, Bolt Marketing has more.
March 28, 2023 11:32 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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