Grains are higher on fund buying and putting in weather premium on dry forecasts, drop in crop ratings, but soy products are also pushing soybeans. Cattle consolidate with higher corn, hogs mixed. Tomm Pfitzenmaier, Summit Commodity Brokerage has more.
Funds Buy and Push Grains Higher Trading Weather, Crop Ratings, Rally in Soy Products: Cattle Consolidate with Higher Corn
Grains up on fund buying, putting in weather premium w/drop in crop ratings, but soy products are also pushing beans. Cattle consolidate w/higher corn, hogs mixed. Tomm Pfitzenmaier, Summit Commodity Brokerage.
June 13, 2023 11:46 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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