Soybeans rebounding following meal and with Argentina crop concerns continuing, while wheat and corn trade on both sides of steady. Livestock rebound with strong cash and cutouts. Randy Martinson of Martinson Ag.
Grains Mixed Early with Soybeans and Meal Rebounding: Livestock Bounce with Stronger Cash and Cutouts
Soybeans rebounding following meal and with Argentina crop concerns, wheat and corn trade on both sides of steady. Livestock rebound with strong cash and cutouts. Randy Martinson of Martinson Ag.
December 18, 2022 02:59 PM
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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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