Grains are oversold and bounce on corrective buying with new money and a new month. Live cattle see some consolidation with steady cash in the south, lower in the north and hogs also set back with the lower index. Scott Varilek, Kooima Kooima Varilek has more.
Grains Bounce on Corrective Buying: Cattle and Hogs See Pressure with Higher Grains and Steady to Lower Cash
Grains are oversold and bounce on corrective buying. Cattle consolidate with steady cash in the south, lower in the north and hogs also set back with the lower index. Scott Varilek, Kooima Kooima Varilek has more.
September 01, 2023 09:13 AM
Related Stories
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.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
Read Next
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
