Soybeans and meal are higher with corrective buying and putting back in some Argentina weather premium, corn is trying to follow, but poor exports are a headwind. Poor demand is also a factor for wheat. Cattle and hogs see follow through selling and disappointing cash. Joe Vaclavik of Standard Grain has analysis.
Joe Vaclavik Says Soybean Putting in SA Weather Premium, Corn Struggles with Poor Demand: Livestock Continue Lower
Soybeans higher on corrective buying, dry Argentina weather. Corn tries to follow but poor exports are a headwind. Cattle & hogs see follow through selling, trade cash. Joe Vaclavik of Standard Grain has analysis.
January 06, 2023 11:11 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.
