A mostly higher close except wheat, with continued short covering in corn and beans but how much more recovery will we see? Cotton prices are firmer with better China demand prospects while cattle move back higher following a rally in cash. Shawn Hackett with Hackett Financial Advisors has details.
Row Crops & Cotton See More Recovery, Will it Last? Cattle Pulled Higher by Strong Cash
A mostly higher close except wheat, w/ more short covering in corn and beans but how much more recovery will we see? Cotton prices firmer, while cattle up following cash. Shawn Hackett, Hackett Financial Advisors.
March 03, 2023 02:07 PM
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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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