Grains lower again with macroeconomic uncertainty driving fund selling, plus the Black Sea Grain Deal was extended. Cattle bounce with a constructive COF report while hogs are seeing more technical selling and economic concerns weigh on the market. Allison Thompson with The Money Farm has more.
Grains and Hogs See Pressure From Macroeconomic Concerns, Black Sea Export Deal: Cattle Bounce with Constructive COF
More fund selling in grains and hogs on macroeconomic concerns and the extension of the Black Sea grain deal. Cattle bounce with a constructive COF Report. Allison Thompson with The Money Farm has more.
March 20, 2023 09:00 AM
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Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
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