Waiting on the meeting between the U.S. and China kept markets on edge throughout the day, especially in the soybean complex. The landscape for agriculture shifted even more as CEOs from several non-ag companies joined the trip, highlighting the broader economic focus of the discussions.
Spring planting continues to move ahead at a strong pace thanks to mostly dry conditions, but that same lack of moisture is beginning to raise concerns about crop development moving forward.
Meanwhile, the cattle market continues to push into uncharted territory. Cash cattle trade surged $7 higher in the North and $3 to $5 higher in the South, with some northern sales reported as high as $265, reinforcing the strong tone across the complex.
Thursday Market Wrap Up with Shawn Hackett at Hackett Financial Advisors:
