Row crops set back on end of month and pre-holiday profit taking plus a little change in the extended weather. Wheat ended mixed but is Chicago wheat forming a bottom yet? Where is the cotton markets headed? And cattle also see profit taking ahead of cash, with short covering in hogs. Darren Frye, Water Street Solutions, has details.
Row Crops Lower on Profit Taking & Weather, Wheat Mixed: Cattle Consolidate Ahead of Cash with Short Covering in Hogs
Row crops lower on profit taking and weather, with wheat mixed and cotton higher. Cattle also see profit taking ahead of cash, short covering in hogs. Darren Frye, Water Street Solutions, has more.
August 30, 2023 02:57 PM
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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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