A better-than-expected CPI number pulled money into financial markets and out of most commodities, despite the sharply lower dollar. Poor exports added pressure. Michelle Rook talks with DuWayne Bosse of Bolt Marketing.
Commodities Mostly Lower Except Cattle with Better Than Expected CPI and Money Flowing into Financial Markets
A better-than-expected CPI number pulled money into financial markets and out of most commodities, despite the sharply lower dollar. Poor exports added pressure. Michelle Rook w/ DuWayne Bosse, Bolt Marketing.
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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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