Funds accelerate selling in the grains and hogs early with no bullish news but are trying to find some support. Cattle supported by lower corn and higher cash ideas. Chip Nellinger with Blue Reef Agri-Marketing has details.
Funds Sell in Grains Early, But Corn and Beans Try to Find Support: Cattle Strong with Lower Corn and Higher Cash Ideas
Funds accelerate selling in grains and hogs early with no bullish news but are trying to find support. Cattle stronger w/lower corn and higher cash ideas. Chip Nellinger with Blue Reef Agri-Marketing.
May 18, 2023 11:52 AM
Related Stories
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.
Read Next
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
