Corn, soybeans and products end higher on profit taking, report positioning and drier extended weather. Wheat mixed on spreads and with crop concerns for spring wheat. Cattle bounce, while cotton falls ahead of report. Shawn Hackett, Hackett Financial Advisors has details.
Row Crops and Spring Wheat End Higher on Profit Taking, Report Positioning, Weather: Cattle Bounce While Cotton Falls
Corn, soybeans and products end higher on profit taking, report positioning, drier extended weather. Wheat mixed on spreads. Cattle bounce, while cotton falls. Shawn Hackett, Hackett Financial Advisors.
July 10, 2023 02:31 PM
Related Stories
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.
Read Next
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
