Row crop futures lower on profit taking and weather initially but now seeing some risk off selling and that is pulling wheat down. That has also eroded early strength in cattle and hogs. Chuck Shelby with Risk Management Commodities has more.
Corn and Beans Down on Profit Taking, Weather to Start but Risk Off in Outside Markets Now Pulling Most Commodities Lower
Corn and beans lower on profit taking & weather initially but seeing risk off selling and that’s pulling wheat down. That has also eroded early gains in livestock. Chuck Shelby, Risk Management Commodities.
April 05, 2023 09:40 AM
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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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