Grains Higher as Russia Suspends Export Deal but Off Highs: Cattle Lower With Higher Grains, Will Cotton Ever Bottom?
Grains still higher after Russia suspends grain export deal but off session highs. Cattle set back with higher grains and is cotton ever going to bottom? @michellerookag is with @jpmccormick3
November 01, 2022 11:20 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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