Grains mostly higher seeing corrective buying and soybean export biz but watching weather and Black Sea war news. Cattle see fund selling with disappointing cash, hogs bounce with higher cutouts. Vince Boddicker, Farmers Trading Company, has details.
Grains See Corrective Bounce, Watching Weather and War: Funds Sell in Cattle on Steady to Weaker Cash, Hogs Bounce
Grains mostly higher on corrective buying, soybean export biz but watching weather, war news. Cattle lower on disappointing cash, hogs bounce with higher cutouts. Vince Boddicker, Farmers Trading Company, has details.
September 01, 2023 11:53 AM
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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.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
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