The markets continue to chase headlines driven by recession and demand fears, a big soybean crop in Brazil, plus supply implications of the Black Sea war. Steve Freed of ADM Investor Services joins Michelle Rook to discuss the outlook for grain and livestock prices in 2023.
What’s the Outlook for Ag Prices in 2023?
2023 is around the corner and analysts are already talking about what to expect.
December 18, 2022 03:08 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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