Grains and cotton mostly lower, except corn and new contract highs in soybean meal. The risk off outside markets such as lower crude oil and a sharply higher dollar weighed on futures. However, South American weather is still in focus. Livestock end mostly higher with live cattle scoring more new contract highs. Cash cattle started to trade in the north at $248 to mostly $250, up $2 and $159. Darin Newsom with Barchart has details.
Grains Mostly Lower Following CO and Higher Dollar, SA Weather: Livestock Lean Higher with Higher Cash Trade
Grains, cotton mostly lower following outside markets like CO, higher dollar. However, SA weather still a focus. Livestock up with new contract highs in LC and better cash. Darin Newsom with Barchart has details.
February 03, 2023 06:36 PM
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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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