Grains and cotton mostly lower improved weather and technical selling, despite more corn and soybean export sales this morning. Risk off continues with more talk of interest rate hikes. Shawn Hackett of Hackett Financial Services has more.
Grains Start Mostly Lower on Improved Weather: But Find Support From Export Sales of Corn and Beans
Grains and cotton mostly lower improved weather and technical selling, despite corn and soybean export sales. Risk off continues with more talk of interest rate hikes. Shawn Hackett of Hackett Financial Services.
April 05, 2023 09:15 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.
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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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