Grains see a corrective bounce with help from outside markets like the lower dollar, but still digesting the WASDE data and watching weather. Cattle confirm the reversal with follow through selling, but will it dampen cash? Hogs bounce on higher cash and China hopes. DuWayne Bosse, Bolt Marketing has more.
Grains Higher on Technical Bounce, Lower Dollar, Outside Markets & Watching Weather: Cattle Confirm Reversal, While Cutouts Support Hogs
Grains see a corrective bounce with help from outside markets like the lower dollar. Cattle confirm the reversal with follow through selling. Hogs bounce on higher cash. DuWayne Bosse, Bolt Marketing has more.
July 13, 2023 05:23 PM
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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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