Grains were leaning higher on Friday in a quiet session but were all down slightly for the week. Row crops are searching for direction and the next bullish story out of South America. Wheat may start to put in war premium with upcoming talks on the Black Sea Export deal. Live cattle scored contact highs with higher cash. Southern deals were $162 up $2. $257 in the north.
Grains Leaning Higher Friday but Down for the Week Looking for Direction: Live Cattle Make Contract Highs with Higher Cash
Grains leaning higher Friday but down for the week and searching for direction. Livestock lower except live cattle which hit more contract highs with higher cash. Chip Nellinger Blue Reef Agri-Marketing has analysis.
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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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