The markets continue to chase headlines driven by recession and demand fears, a big soybean crop in Brazil, plus supply implications of the Black Sea war. Steve Freed of ADM Investor Services joins Michelle Rook to discuss the outlook for grain and livestock prices in 2023.
What’s the Outlook for Ag Prices in 2023?
2023 is around the corner and analysts are already talking about what to expect.
December 18, 2022 03:08 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.
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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