Corn and beans lose early strength on profit taking, weather and the stronger dollar. That is also weighing on cotton. Wheat is mixed awaiting fresh war news. Cattle trying to rebound with lower corn but await cash direction. Will cattle see a bigger correction soon? Shawn Hackett, Hackett Financial Advisors has details.
Row Crops and Cotton Fade on Profit Taking, Weather, Strong Dollar, Wheat Mixed Awaiting War News: Cattle Try to Bounce
Corn, beans, cotton lower on profit taking, weather, stronger dollar. Wheat is mixed awaiting fresh war news. Cattle trying to rebound with lower corn. Shawn Hackett, Hackett Financial Advisors has details.
July 27, 2023 11:32 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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