Grains and hogs see corrective buying with help from outside markets, especially sharp drop in the dollar...plus China easing its COVID policy. Cattle are seeing profit taking. Michelle Rook w/Pat Von Tersch of Professional Ag Marketing.
Grains and Hogs Mostly Higher on Corrective Buying, Sharply Lower Dollar, China Easing COVID Policy: Profit Taking in Cattle
Grains and hogs see corrective buying with help from sharp drop in dollar...plus China easing its COVID policy. Cattle are seeing profit taking. Michelle Rook w/Pat Von Tersch of Professional Ag Marketing.
November 11, 2022 09:01 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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