Grains are mixed early with corn and new crop soybeans getting support from dry weather and ideas of lower crop ratings. Wheat mixed. Live cattle see some short covering and with strong beef values with feeders down on higher corn and technical buying in hogs after a higher weekly close and stronger cash. Kent Beadle, Paradigm Futures.
Corn and New Crop Soybeans Put in Weather Premium, Wheat Mixed: Cattle and Hogs Watch Corn and Cash
Corn and new crop soybeans up on dry weather and ideas of lower crop ratings. Wheat mixed on spreads. Live cattle see short covering w/strong beef values and cash pushes hogs. Kent Beadle, Paradigm Futures.
June 12, 2023 09:31 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.
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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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