Grains end mixed with funds covering shorts in corn and beans but selling in wheat. Cattle futures supported by higher cash but can the momentum continue? Michelle Rook w/Oliver Sloup of Blue Line Futures.
Corn, Soybeans and Cattle Finish Higher: Funds Sell Wheat and Hogs
Grains end mixed with funds covering shorts in corn and beans but selling in wheat. Cattle futures supported by higher cash but will it continue? Hogs lower. Michelle Rook w/Oliver Sloup of Blue Line Futures.
November 18, 2022 02:08 PM
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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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