Grains leaning higher with more China corn sales, calmer outside markets and report positioning. Livestock futures see profit taking after a higher day yesterday but cash cattle is expected to be higher this week which should keep the market supported. Brad Kooima of Kooima Kooima Varilek has more.
Grains Lean Higher with Calm Outside Markets, China Biz, Await Reports: Profit Taking in Livestock
Grains lean higher with China corn sales, calmer outside markets and report positioning. Livestock futures see profit taking but cash cattle called higher this week. Brad Kooima of Kooima Kooima Varilek has more.
March 28, 2023 09:07 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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