Soybeans up on technical buying but corn falls with wheat on profit taking and the higher $. New highs in cattle as funds buy with firmer cash ideas, hogs fall on lower cutouts and strike talk at a Minnesota plant. Mark Schultz, Northstar Commodity has details.
Soybeans See Technical Buying, Corn Follows Wheat Lower on Profit Taking, Higher Dollar: Cattle Back Into New Highs
Soybeans see fund buying, corn falls with wheat on profit taking and the higher $. New highs in cattle as funds buy w/firmer cash ideas. Hogs fall with cutouts and strike talk. Mark Schultz, Northstar Commodity has more.
September 14, 2023 02:38 PM
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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.
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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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