Grains rebound with technical buying under light holiday volume but are we trading weather? Live cattle set back on profit taking ahead of the COF report, with hogs lower following cash. Brian Grete of Pro Farmer has analysis.
Grains See Technical Rebound with Light Holiday Volume: LC and Hogs End Lower
Grains rebound on technical buying with thin holiday volume, but can soybeans hit $15? Live cattle lower on profit taking ahead of COF report, with hogs following lower cash. Brian Grete, Pro Farmer has analysis.
December 20, 2022 02:31 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.
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.
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