Grains lower still removing weather & war premium, ignoring the 4.85 mb new crop beans to China. Corn and soybeans are testing chart support. Live cattle lower with sloppy and limited cash, hogs consolidating. Kent Beadle, Paradigm Futures has more.
Grains Lower Removing More Weather and War Premium, Despite China Soybean Sales: Live Cattle Lower with Limited and Sloppy Cash
Grains lower still removing weather & war premium, ignoring the 4.85 mb new crop beans to China. Live cattle lower with sloppy and limited cash, hogs consolidating. Kent Beadle, Paradigm Futures has more.
July 31, 2023 09:25 AM
Related Stories
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.
Read Next
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
