AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing says grains higher on technical buying and put in weather premium, while cattle hit contract highs with sharply higher cash.
AgDay TV Markets Now: Chip Nellinger Says Grains Put in Weather Premium, While Cash Pushes Cattle Into New Highs
AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing says grains higher on technical buying and put in weather premium, while cattle hit contract highs with sharply higher cash.
June 02, 2023 12:25 AM
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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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