Grain markets end lower as profit taking sets in with weather, outside markets and export demand still factors. Yet grains still rangebound. Livestock also consolidate as cattle wait for cash direction. Cash cattle trade developing after the close at $254 in the north, up $4. Chuck Shelby with Risk Management Commodities has more.
Profit Taking Hits Grains, Yet Still Rangebound: Livestock Also Consolidate with Higher Cash Cattle After the Close
Grains end lower as profit taking sets in with weather, CO and exports factors. Yet grains still rangebound. Livestock consolidate as cattle await cash. Chuck Shelby with Risk Management Commodities has more.
February 09, 2023 03:51 PM
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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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