Grains lower with more fund liquidation in pre-holiday trade, with SA rains and China COVID concerns, U.S. weather being watched. Livestock firmer with the lower feed prices and cold weather. Kevin Duling of KD Investors has details.
Grains Lower on More Pre-Holiday Fund Liquidation, SA Rains: Cattle Firmer on Weather, Lower Corn
Grains lower with more fund liquidation in pre-holiday trade, with SA rains and China COVID concerns. Livestock firmer with the lower feed prices and cold weather. Kevin Duling of KD Investors has details.
December 19, 2022 08:51 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.
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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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