Grains lower on technical selling and the risk off in outside markets with rising COVID cases in China. Cattle open higher with the bullish Cattle on Feed report with hogs mixed. Michelle Rook w/Allison Thompson of The Money Farm.
Grains See Technical Selling with Risk Off in Outside Markets: Cattle Higher on Bullish Report
Grains lower on technical selling and the risk off in outside markets w/rising COVID cases in China. Cattle open higher w/bullish COF report, hogs mixed. Michelle Rook w/Allison Thompson of The Money Farm.
November 21, 2022 09:25 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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