Grains continue to see fund selling with SA rains, a lack of supportive news and thin holiday volume. Livestock are trading both sides of steady, but nearby futures are still pricing in recession and demand concerns and failing to add weather premium. Vince Boddicker of Farmers Trading Company has details.
Holiday Trade Hits: Funds Continue to Liquidate in the Grains, Two-Sided Trade in Livestock
Grains continue to see fund selling with a lack of supportive news and thin holiday volume. Livestock are trading both sides of steady. Vince Boddicker of Farmers Trading Company has details.
December 19, 2022 11:22 AM
Related Stories
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.
Read Next
As producers navigate financial strain and D.C. disconnect, realities such as steep input costs, trade frustrations and E15 limbo are becoming decisive factors shaping the rural vote.
