Cattle rebound after a lower day Monday, but will they negate the possible key reversal, and will cash be higher again? Nearby hogs continue to see fund selling. Profit taking and a change in weather pressure corn and beans. More with Brad Kooima of Kooima Kooima Varilek.
Cattle Rebound, Will They Negate Monday’s Reversal? Corn and Beans Set Back on Profit Taking and Weather, Even with Higher Wheat
Cattle bounce but will they negate the reversal, and will cash be higher again? Hogs mixed. Profit taking and a change in weather pressure corn and beans. Brad Kooima of Kooima Kooima Varilek.
April 04, 2023 09:20 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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