Grains close higher on a corrective bounce with the lower dollar, still digesting the report, watching weather and debating yield. Cattle continue to consolidate after the reversal but is a bigger correction coming? Hogs bounce with higher cash. Naomi Blohm, Total Farm Marketing has details.
Grains See Corrective Buying Post Report with Lower Dollar: Cattle Consolidate Ahead of Cash, Hogs Bounce
Grains higher on a corrective bounce with a lower dollar, still digesting the report, watching weather & debating yield. Cattle continue to consolidate. Hogs bounce with strong cash. Naomi Blohm, Total Farm Marketing.
July 13, 2023 03:04 PM
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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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