AgDay TV Markets Now: Tomm Pfitzenmaier of Summit Commodity Brokerage talks about what caused the short covering rally in grains on Friday and if it will continue?
AgDay TV Markets Now: Tomm Pfitzenmaier Discusses the Short Covering Rally in Grains Friday and If It Will Continue?
AgDay TV Markets Now: Tomm Pfitzenmaier of Summit Commodity Brokerage talks about what caused the short covering rally in grains on Friday and if it will continue?
March 24, 2023 05:41 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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