Grains ended mostly lower with some speculative profit taking, working in SA weather, precip in HRW areas and outside markets influence. Cattle saw a healthy correction awaiting cash news, while hogs were supported by ASF news and the bottoming cash market. Garrett Toay of AgTradeTalk has analysis.
Grains Lower on Profit Taking, Keeping an Eye on SA and U.S. Weather: Cattle Consolidate While Cash, ASF Supports Hogs
Grains ended mostly lower with profit taking, with an eye on weather and outside markets. Cattle consolidate, while hogs were supported by ASF news and bottoming cash. Garrett Toay of AgTradeTalk has analysis.
February 14, 2023 02:06 PM
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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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