Grains mostly higher on light holiday trade on follow through technical buying, higher crude oil and export news. Cattle opened higher working in the sharply higher cash on Wednesday, then turned lower when corn rallied. Hogs are down following lower cash and cutouts and despite decent exports. Michelle Rook has an update.
Grains Higher on Light Technical Buying, Higher CO, Exports: Cattle See Pressure From Corn
Grains mostly higher on light holiday trade on follow through technical buying, higher crude oil and export news. Cattle lower with higher corn. Hogs are down with lower cash & cutouts. Michelle Rook has an update.
November 25, 2022 09:15 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.
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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