Grains end mixed with end of quarter profit taking and report positioning. But are corn and beans putting in harvest lows? Cattle see fund selling with risk off in outside markets and equities. Hogs also preparing for the Hogs and Pigs Report. Don Roose, U.S. Commodities sums it up.
Grains End Mixed on Report and End of Quarter Positioning: Cattle Lower with Risk Off in Equities
Grains end mixed with end of quarter profit taking and report positioning. Cattle see fund selling with risk off in the equities. Hogs also await the Hogs and Pigs Report. Don Roose, U.S. Commodities sums it up.
September 26, 2023 02:19 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.
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.
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