Grains are trying to recover are we working on reversals and short-term lows or is this just a dead cat bounce because we’re oversold? Was wheat chasing headlines this week? Cattle continue strong with some firmer cash will it continue? And what are outside markets telling us about the economy? Darin Newsom with Barchart covers it all!
Grains Bounce But Are We Putting in Short Term Lows: Cattle Extend Grains With Firmer Cash, What About Copper?
Grains are trying to recover, but are these short term lows? Was wheat chasing headlines this week? Cattle strong with some firmer cash. And what are outside markets hinting on the economy? Darin Newsom, Barchart.
May 19, 2023 09:09 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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