Grains ended mixed on Friday with soybeans supported by meal and strong demand, while corn and wheat saw technical selling as the risk-off in outside markets like crude oil continued. Livestock rebounded with help from strong cash and cutouts. Arlan Suderman of StoneX has details with Michelle Rook.
Grains Quiet in Holiday Mode; Livestock Supported by Higher Cash and Cutouts
Grain markets end mixed after focusing on recessionary talk and the risk off in outside markets, while livestock rebound with help from strong cash and cutouts.
December 18, 2022 03:05 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.
