Grains see technical selling removing Black Sea war and SA weather premium. Mexico in for U.S. corn biz. Buy it before you ban it? Cattle higher with lower corn, but rangebound? Michelle Rook talks with Joe Vaclavik of Standard Grain.
Grains Lower with Technical Selling, Removing War and Weather Premium: Despite Largest Mexican Corn Buy Ever
Grains see technical selling removing Black Sea war and SA weather premium. Mexico largest single purchase of U.S. corn ever. Buy it before you ban it? Michelle Rook talks with Joe Vaclavik of Standard Grain.
November 16, 2022 11:27 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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