AgDay TV Markets Now: Don Roose with U.S. Commodities talks about the ugly week in grain markets and why the funds keep selling. When will it end?
AgDay TV Markets Now: Don Roose Talks About The Ugly Week in Grain Markets and When Funds Will Stop Selling
AgDay TV Markets Now: Don Roose with U.S. Commodities talks about the ugly week in grain markets and why the funds keep selling. When will it end?
May 19, 2023 03:52 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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