Markets closed mixed with corn, soybeans and cattle all ending higher as outside markets stabilized and China bought more U.S. corn. Hogs had some limit down moves on technical selling. Chuck Shelby with Risk Management Commodities wraps up the day.
Mixed Closes with Corn, Beans and Cattle Seeing Support as Outside Markets Stabilized
Markets closed mixed with corn, soybeans and cattle all ending higher as outside markets stabilized and China bought more U.S. corn. Hogs imploded on technical selling. Chuck Shelby, Risk Management Commodities.
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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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