Grains higher early with soybeans leading on Argentina weather concerns and new contract highs in soybean meal and fresh export sales, corn and wheat following. Cattle are mixed with hogs mostly lower. Michelle Rook has details.
Grains Higher with Soybeans Leading on Argentina Crop Concerns and New Highs in Meal: Livestock Mixed
Grains higher early with soybeans leading on Argentina crop concerns, new contract highs in meal and fresh export biz, corn and wheat following. Cattle are mixed with hogs mostly lower. Michelle Rook has details.
December 30, 2022 08:52 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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