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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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.
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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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