Grains mostly higher as a couple private companies cease exports in Russia and China buys more corn. However, many markets are running into chart resistance. Cattle supported by strong cash ideas and hogs see more fund selling. Vince Boddicker of Farmers Trading Company has details.
Grains Mostly Higher on Russia Export News, China Demand: Cattle Strong, but Hogs Weak
Grains mostly higher as some private companies cease exports in Russia and China buys more corn. Cattle supported by strong cash ideas and hogs see more fund selling. Vince Boddicker of Farmers Trading Company.
March 29, 2023 11:21 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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