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No News Out of China Triggers Grain Meltdown |Channel Final Bell with Mike Zuzulo
Published 2 weeks, 1 day ago
Description
Reports out of the Chinese trade meeting have been incomplete, and grain trade used that as reason enough to spark liquidation across the board today.
Despite continued poor reports for the winter wheat crop, prices fell today with pressure from the row crops and crude oil.
Cattle futures were unable to hold the morning's positive start as funds feel nervous about advancing futures to keep up with red hot cash business.
Mike Zuzulo with Global Commodity Analytics recaps today's trade.