A risk off day in outside markets with the bank default news spreading to Europe, which has the DOW and crude oil sharply lower, the dollar sharply higher. That is weighing on soybeans and livestock. Corn and wheat seeing a bounce on short covering and China export business. DuWayne Bosse of Bolt Marketing has more.
Soybeans and Livestock Under Pressure with Risk Off in Outside Markets: Corn and Wheat Firmer on Short Covering and China Biz
A risk off day in outside markets is weighing on soybeans and livestock. Corn and wheat seeing a bounce on short covering and China export business. DuWayne Bosse of Bolt Marketing has more.
March 15, 2023 11:27 AM
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.
