Corn and soybeans lower trading improved weather and seeing fund profit taking heading into a 3-day weekend and WASDE Report. The Argentina soy peso program also weighing on beans. Cattle gap higher on higher cash and hit new contract highs. Steve Freed of ADM Investor Services has details.
Weather, Fund Selling Weigh on Corn and Beans: Cattle Gap Higher with Strong Cash
Corn and soybeans lower on improved weather, Argentina soy peso program, fund profit taking heading into a 3-day weekend and WASDE Report. Cattle gap higher on strong cash. Steve Freed, ADM Investor Services.
April 06, 2023 09:46 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.
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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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