AgDay TV Markets Now: Dave Chatterton with Strategic Farm Marketing says grains end higher Thursday on forecast and expanding drought on the Drought Monitor, and while cattle end lower the rally isn’t done.
AgDay TV Markets Now: Dave Chatterton says Grains Rally on Forecast, Drought, Report: Cattle Lower but the Rally Isn’t Done
AgDay TV Markets Now: Dave Chatterton with Strategic Farm Marketing says grains end higher Thursday on forecast and expanding drought on the Drought Monitor, and while cattle end lower the rally isn’t done.
June 08, 2023 04:57 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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