Grain and livestock futures are all down in a commodity wide selloff with the risk off day in the outside markets. However, there is still optimism ahead for markets like soybeans and especially cattle. Scott Varilek of Kooima Kooima Varilek explains.
Markets Down with the Commodity Wide Selloff, Risk Off in Outside Markets: Outlook for 2023 Optimistic for Markets Like Cattle
Markets are all down in a commodity wide selloff, with the risk off in outside markets. However, there’s still optimism ahead for markets like soybeans and cattle. Scott Varilek, Kooima Kooima Varilek explains.
January 03, 2023 11:40 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.
