Grains gap higher on drop in crop ratings and fund buying, only bean oil is lower on the disappointing EPA RFS proposal. Cattle consolidate with higher corn, lower cash and cutouts. while hogs see profit taking anticipating a cash peak soon and with higher soybean meal and corn. Kent Beadle, Paradigm Futures.
Grains Gap Higher on Drop in Crop Ratings, BO Lower on EPA RFA Numbers: Cattle Consolidate with Lower Cash, Higher Corn
Grains gap higher on drop in crop ratings, fund buying, only BO is lower on the EPA RFS proposal. Cattle consolidate with higher corn, lower cash, cutouts. Hogs see profit taking. Kent Beadle, Paradigm Futures.
June 21, 2023 09:10 AM
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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.
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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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