Soybeans are up with meal, 18.5 mb of export biz and dryness in Argentina, corn is trying to follow while wheat is seeing more fund selling with a record Aussie crop. Livestock consolidate with higher corn and lower product values.
Grains Mixed Early with Soybeans Higher on Export Biz: Livestock Consolidate with Higher Corn
Soybeans are up with meal, 18.5 mb of export biz, dryness in Argentina, corn is trying to follow while wheat sees fund selling w/record Aussie crop. Livestock consolidate with higher corn and lower products
December 06, 2022 08:52 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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