Grain and livestock futures seeing some early strength. Grains see technical buying, with weather back drier in Argentina and strong corn exports. Cash grain prices holding strong according to Nick Tsoilis with The Farmer’s Keeper.
Early Strength in Grains and Livestock: Technical Buying in Grains with Drier Argentina Weather, Strong Corn Exports
Grain and livestock futures see early strength. Technical buying in grains, drier weather in Argentina and strong corn exports. Cash grain prices holding strong according to Nick Tsoilis with The Farmer’s Keeper.
February 02, 2023 08:55 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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