Grains lower with profit taking in a risk off session in the outside markets like crude oil and the dollar. But are SA crop concerns worked into the market? Livestock 2-sided early with live cattle waiting for cash direction. Scott Varilek of Kooima Kooima Varilek has details.
Grains Down on Profit Taking and Risk Off in Outside Markets, but are SA Crop Concerns Dialed in? Livestock 2-Sided, Cattle Await Cash
Grains lower on profit taking with risk off in outside markets. But are SA crop concerns worked in? Livestock 2-sided with live cattle waiting for cash direction. Scott Varilek of Kooima Kooima Varilek has more
February 15, 2023 09:28 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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