Grains mixed but trying to bounce after an ugly sell off in corn and wheat this week. Can soybeans hold $15? Cattle see more profit taking with steady cash, hogs see short covering. Bryan Doherty of Total Farm Marketing has details.
Grain Mixed but Trying to Bounce After Fund Sell Off: Cattle See More Profit Taking, Short Covering in Hogs
Grains mixed but try to bounce after fund sell off in corn and wheat this week. Can soybeans hold $15? Cattle see more profit taking w/steady cash, short covering in hogs. Bryan Doherty, Total Farm Marketing.
March 10, 2023 09:37 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.
