Soybeans and livestock falling with the bank failure in Europe and the risk off trade in outside markets. Corn is higher with China export business, while wheat is watching the Black Sea headlines. Nick Tsiolis of Farmers Keeper has more.
Soybeans Down with Risk Off on Bank Failure in Europe, Corn Firm With China Export Biz, Wheat Watching Black Sea Headlines
Soybeans and livestock falling with risk off in outside markets and the bank failure in Europe. Corn higher on China export business, wheat watching Black Sea headlines. Nick Tsiolis of Farmers Keeper has more.
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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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