Grains open higher with more technical buying, soybeans still leading with NCHs in meal and strong export business. Cattle up on higher product values, lower hogs with poor exports. Rich Nelson of Allendale.
Grains Higher with More Technical Buying, Strong Soybean Export Demand: Cattle Up on Product Rebound, Hogs Lower
Grains open higher with more technical buying, soybeans still leading with NCHs in meal and strong export business. Cattle up on higher product values, lower hogs with poor exports. Rich Nelson of Allendale.
December 08, 2022 09:09 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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