Corn higher on more China business and strong weekly exports. Soybeans seeing more fund selling with slow exports. Cattle trade 2-sided but disappointing with higher cash trade in the north yesterday at $165-$167, with south at $163. Hogs make new lows for the move. Scott Varilek of Kooima Kooima Varilek has details.
Cattle Disappoint with Higher Northern Cash: Corn up on Export Biz, Soybeans and Hogs See More Fund Selling
Corn higher on China biz, strong weekly exports. Funds selling in soybeans. Cattle trade 2-sided but disappointing w/higher northern cash at $165-$167. Hogs make new lows. Scott Varilek, Kooima Kooima Varilek.
March 23, 2023 09:58 AM
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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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