Markets are mixed to start with plenty of news to digest, including the WASDE, elections, CPI and China’s news they aren’t easing their COVID policy. Michelle Rook talks with Tomm Pfitzenmaier of Summit Commodity Brokerage.
Mixed Markets on Monday Ahead of WASDE, Election and with News China is Not Easing COVID Policy
Markets are mixed to start with plenty of news to digest, including the WASDE, elections, CPI and China’s news they aren’t easing their COVID policy. Michelle Rook w/Tomm Pfitzenmaier of Summit Commodity Brokerage.
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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.
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.
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