Grains open lower on more technical selling and with lower crude oil, improved SA weather, and ideas the Black Sea export deal will be extended. Live cattle see more technical selling. Hogs higher. Michelle Rook w/ Kent Beadle Paradigm Futures.
Grains Lower with Technical Selling, Lower Crude Oil: Livestock Mixed
Grains open lower on more technical selling, lower crude oil improved SA weather, and ideas of Black Sea export deal extension. Live cattle see technical selling. Michelle Rook w/ Kent Beadle Paradigm Futures
November 15, 2022 09:01 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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