Grains higher on corrective bounce, positioning ahead of reports and assessing storm damage and weather. What will the market trade today with all those factors? Live cattle supported by steady cash in the north, feeders down with higher corn, hogs work in bearish report numbers. Randy Martinson, Martinson Ag has details.
Grains See Corrective Bounce Assessing Derecho Damage, Awaiting Reports: Cattle Mixed, Hogs Turn Mixed After Bearish Report
Grains higher on corrective bounce, positioning pre-report and assessing storm damage and weather. Live cattle supported by steady cash in the north, hogs work in bearish report numbers. Randy Martinson, Martinson Ag.
June 30, 2023 09:24 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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