Grains end quietly mixed to higher still consolidating under Monday’s chart highs and looking for direction from South America’s crop size, weather or the export front. Cattle see profit taking waiting for confirmation of higher cash before moving higher. Hogs see continued profit taking with cutouts still under pressure and fading strong exports. Mike Minor of Professional Ag Marketing has details.
Grains End Quietly Mixed Still Consolidating from Monday’s Highs: Livestock Also See Profit Taking
Grains end quietly mixed to higher still consolidating under Monday’s chart highs and looking for direction. Cattle and hogs also see more profit taking. Mike Minor of Professional Ag Marketing has details.
February 16, 2023 04:07 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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