Grains see technical buying on light holiday volume, strong corn exports. Livestock 2-sided with hogs seeing short covering on strong exports, cattle mixed with higher corn vs. higher cash. Michelle Rook has an update.
Grain Prices Continue Higher Midsession on Holiday, Technical Buying: Livestock 2-Sided Trade
Grains see technical buying on light holiday volume, strong corn exports. Livestock 2-sided with strong exports, short covering in hogs, cattle mixed with higher corn vs. higher cash. Michelle Rook has an update.
November 25, 2022 10:45 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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