Corn and wheat are mostly lower on spreads and profit taking, despite cold temps this weekend and concerns about Black Sea exports. Soybeans supported by tight supplies and the Argentina grain inspectors strike. Cattle higher with ideas of higher cash this week. Crude oil, metals and the dollar have all had big moves, will that continue? Kevin Duling of KD Investors explains.
Corn and Wheat Mostly Lower on Spreads & Profit Taking, Argentina Strike Support Beans: Cattle Up with Higher Cash Ideas
Wheat and corn mostly lower on spreads & profit taking, despite cold weekend temps. Soybeans up on Argentina strike. Cattle rebound on higher cash ideas. Kevin Duling, KD Investors explains.
April 17, 2023 10:56 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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