AgDay TV Markets Now: Dave Chatterton, Strategic Farm Marketing, says corn ends higher, soybeans lower on Thursday on profit taking, spread unwinding and correcting the corn/bean ratio. But markets are also determining balance sheets pre-WASDE.
AgDay TV Markets Now: Dave Chatterton Says Corn Ends Higher, Beans Lower on Profit Taking, Spreading, WASDE Prep
AgDay TV Markets Now: Dave Chatterton, Strategic Farm Marketing, says corn ends higher, soybeans lower on profit taking, spread unwinding, correcting the corn/bean ratio. Plus, determining balance sheets pre-WASDE.
July 06, 2023 04:29 PM
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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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