Grains end mostly higher putting in SA weather premium, but soybeans can’t close above $15. Live cattle make new contract highs and fail. Matt Bennett of AgMarket.Net has insight.
Grains End Mostly Higher but Soybeans Fail Above $15: Live Cattle Also Make New Contract Highs and Fade
Grains end mostly higher putting in SA weather premium, but soybeans can’t close above $15. Live cattle make new contract highs and fail. Matt Bennett of AgMarket.Net has insight.
December 28, 2022 08:23 AM
Related Stories
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.
Read Next
As producers navigate financial strain and D.C. disconnect, realities such as steep input costs, trade frustrations and E15 limbo are becoming decisive factors shaping the rural vote.
