Grains mixed and rangebound, watching the outside markets, especially the sharply lower dollar. Cattle and hogs mostly higher pushed by strong cash. Michelle Rook gets analysis from Mark Schultz of Northstar Commodity.
Grains Mixed Watching Outside Markets, Lower Dollar: Cattle and Hogs Supported by Strong Cash
Grains mixed watching the outside markets, especially the sharply lower dollar. Cattle and hogs mostly higher pushed by strong cash. Michelle Rook gets analysis from Mark Schultz of Northstar Commodity.
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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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