Grains turn mixed on weather, export demand and pre-WASDE positioning. Cattle rebound on sharply higher wholesale beef, while deferred hogs fail with lower cash and cutouts. What is the outlook for crude oil? Rich Nelson of Allendale covers it all.
Grains Mixed on Weather, Export News, WASDE Positioning: Cattle Rebound with Higher Beef
Grains mixed on weather, export demand and pre-WASDE positioning. Cattle rebound on sharply higher beef, while deferred hogs fall with lower cash. What is the outlook for crude oil? Rich Nelson of Allendale.
April 05, 2023 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.
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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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