Grains end mixed with report positioning and profit taking in soybeans, meal and bean oil. Outside markets were also bearish with the higher dollar and lower crude oil. Live cattle consolidated under new highs awaiting cash with new highs again in feeders. Hogs continue to try to find a bottom. Brian Grete with Pro Farmer has details.
Grains End Mixed with Profit Taking and Report Positioning: Live Cattle Consolidate Await Cash, Deferred Hogs Fail
Grains end mixed with report positioning and profit taking in soybeans, meal and bean oil. Cattle consolidate under new highs awaiting cash. Hogs continue to try to find a bottom. Details w/Brian Grete of Pro Farmer.
March 07, 2023 01:25 PM
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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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