Grains mostly higher except old crop corn as we see short covering ahead of the end of the month and USDA data dump. Livestock consolidate with inside days in both cattle and hogs. DuWayne Bosse of Bolt Marketing has more.
Soybeans Rally with Meal on Corrective Buying Ahead of Report, Corn and Wheat Try to Follow: Livestock Consolidate
Grains mostly higher except old crop corn, with short covering ahead of the end of the month and USDA data dump. Livestock consolidate with inside days in cattle and hogs. DuWayne Bosse, Bolt Marketing has more.
March 28, 2023 11:32 AM
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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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