Grains were mostly higher with new contract highs in soybean meal putting in South American weather premium, but corn was a reluctant follower. Live cattle score new contract highs on higher cash, but can the market keep moving higher? Matt Bennett of AgMarket.Net has the answers.
Grains End Mostly Higher with Soybeans and Meal Putting in SA Weather Premium: Live Cattle Score Contract Highs
Grains mostly higher with new contract highs in soybean meal putting in SA weather premium, but how high can prices go? Live cattle hit new contract highs on higher cash. Matt Bennett of AgMarket.Net has details.
January 30, 2023 02:05 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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