Row crops bounce Friday but are lower for the week on fund selling and profit taking ahead of the holiday, plus weather. Wheat ends lower Friday and for the week, hitting contract lows. Cattle fall on fund selling and cash disappointment, with a bounce in hogs. Chuck Shelby, Risk Management Commodities, has more.
Grains Down for the Week as Funds Sell Pre-Holiday: Cattle Down with Disappointing Cash, Hogs Bounce
Row crops lower for the week on pre-holiday profit taking, weather. Wheat hits contract lows. Cattle see fund selling on cash disappointment, hogs bounce. Chuck Shelby, Risk Management Commodities, has more.
September 01, 2023 02:59 PM
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.
