Grains mixed early with soybeans and meal seeing some profit taking after contract highs in meal. Crude oil and the equities lower after the CPI data showing inflation is still alive. Cattle also consolidate after contract highs in live cattle Monday. Darin Newsom of Barchart has details.
Soybeans and Meal Set Back on Profit Taking, Outside Markets React to CPI: Cattle Also Consolidate
Grains mixed early with soybeans and meal seeing some profit taking. Oil and the equities lower after the CPI data showing inflation is still alive. Cattle also consolidate. Darin Newsom of Barchart has details.
February 14, 2023 09:16 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
As producers navigate financial strain and D.C. disconnect, realities such as steep input costs, trade frustrations and E15 limbo are becoming decisive factors shaping the rural vote.
