Grain markets end mostly higher Friday on end of month profit taking but post lower weekly closes. Is the fund/technical selling over? Cattle consolidate but held up well with some weaker cash on a limited test. Are hogs bottoming? Bryan Doherty @TotalFarmMktg has more.
Grains End Mostly Higher After A Tough Week but are Funds Done Selling? Cattle Consolidate with Weaker Cash, With Hogs Higher
Grain markets end mostly higher Friday on end of month profit taking. Is the fund selling over? Cattle consolidate with weaker cash. Are hogs bottoming? Bryan Doherty @TotalFarmMktg has more.
April 28, 2023 02:21 PM
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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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