Grains see early pressure removing war/risk premium, with lower crude oil & testing support areas, despite a 73.5 mb sale of corn to Mexico. Cattle and hogs higher with the pullback in corn. Michelle Rook w/ Kevin Duling of KD Investors.
Grains See Technical Selling Removing War Premium: Cattle and Hogs Higher with Lower Corn
Grains see early technical selling removing war/risk premium, with lower CO. Testing support areas, despite a 73.5 mb corn to Mexico. Cattle & hogs higher w/lower corn. Michelle Rook w/ Kevin Duling KD Investors.
November 16, 2022 09:04 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.
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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