Grains continue in the red with more fund selling and another China corn cancellation. July corn taking out $6, new lows in wheat. Cattle trade two sided still consolidating with sketchy cash news. Can hogs build on Wednesday’s strong close? Scott Varilek with Kooima Kooima Varilek has details.
More Red in the Grains with Another China Cancellation: Livestock Trade 2-Sided with Cash Cattle News Sketchy
Grains in the red with more fund selling and a China corn cancellation. Cattle trade 2-sided still consolidating with sketchy cash news. Can hogs build on Wed. strong close? Scott Varilek, Kooima Kooima Varilek
April 27, 2023 09:20 AM
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Did this week’s disappointment regarding the China summit top the grain markets for the year?
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.
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