Soybeans see follow through buying with dry conditions continuing in Argentina, wheat is seeing more technical selling and corn is again caught in the middle. Cattle and hogs are mixed. Michelle Rook talks with Vince Boddicker of Farmers Trading Company.
Grain and Livestock Futures Mixed in Early Trading
Follow through buying in soybeans with dryness in Argentina, more technical selling in wheat, corn is caught in the middle. Cattle and hogs are mixed. Michelle Rook with Vince Boddicker Farmers Trading Company.
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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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