Grains are mixed midday, as the markets continue to consolidate under Monday’s highs. So are the tops in soybeans, meal and corn without further problems in South America? Cotton continues to slide despite lower acres. While cattle are also seeing profit taking under Monday’s contract highs waiting for cash news. Darren Frye of Water Street Solutions has details.
Grains Mixed Consolidating off Monday’s Highs Assessing Exports and SA Crop Size: Cotton and Livestock Lower
Grains mixed still consolidating under Monday’s highs. Are the tops in for now? Cotton is lower on economic concerns. Cattle also consolidate ahead of cash. Darren Frye of Water Street Solutions has more.
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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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