Grains mostly higher with more of a risk on day in outside markets and China corn business. Cattle struggle to recover after the recent fund selling tied to macroeconomic concerns, but hogs are trying to bounce. Is the fund selling done? Brad Kooima of Kooima Kooima Varilek has the outlook.
Risk on Day in Outside Markets Supports Grains, More China Corn Biz: Hogs Bounce, Cattle Struggle to Recover
Grains mostly higher with more of a risk on day in outside markets and China corn business. Hogs bounce, while cattle struggle to recover. Brad Kooima of Kooima Kooima Varilek has more.
March 21, 2023 09:12 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.
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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