Grains mixed with profit taking in wheat, while new contract highs in soybean meal supporting soybeans and corn is following. Cattle see follow through strength after higher cash, with hogs trying to follow but will the rally hold? Allison Thompson of The Money Farm has the answers.
Profit Taking in Wheat, but Contract Highs in Meal Support Soybeans, Corn Follows: Livestock Firm with Higher Cash Cattle
Grains mixed with profit taking in wheat, contract highs in meal supporting soybeans and corn is following. Cattle see strength after higher cash, with hogs firm . Allison Thompson of The Money Farm has more.
February 13, 2023 08:55 AM
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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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