Grains lower except HRW wheat with profit taking, disappointing exports and GDP news pulling down futures. Cattle mixed, with hogs higher ahead of USDA reports and EOY. Mike Zuzulo of Global Commodity Analytics has analysis.
Grains Mostly Lower on Profit Taking, Poor Exports: Livestock Position Before Reports
Grains lower except HRW wheat with profit taking, disappointing exports and GDP news pulling down futures. Cattle mixed, with hogs higher ahead of reports. Mike Zuzulo of Global Commodity Analytics has analysis.
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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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