Grains mostly higher with fund buying and SA weather supportive. Soybeans close above $15, will the rally keep going? Cattle and hogs trade two-sided on EOY positioning, with cattle awaiting cash direction. Chip Nellinger, Blue Reef Agri-Marketing has analysis.
Grains Mostly Higher with Beans Closing Above $15: Livestock Mixed to Higher
Grains mostly higher on fund buying and SA weather. Soybeans close above $15, will the rally keep going? Livestock trade two-sided on EOY squaring. Chip Nellinger, Blue Reef Agri-Marketing has more.
December 28, 2022 02:26 PM
Related Stories
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.
Read Next
As producers navigate financial strain and D.C. disconnect, realities such as steep input costs, trade frustrations and E15 limbo are becoming decisive factors shaping the rural vote.
