AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge, says grains and cattle recover on Monday as the government averts a shutdown. But are the fundamentals strong enough to keep the rally going?
AgDay TV Markets Now: Ted Seifried says Grains and Cattle Recover as Government Shutdown Averted. Can the Markets Build on It?
AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge, says grains and cattle recover on Monday as the government averts a shutdown. But are the fundamentals strong enough to keep the rally going?
October 02, 2023 04:49 PM
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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.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
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