AgDay TV Markets Now: Alan Brugler, Brugler Marketing, says Conab’s Brazil soybean estimate disappoints the market, while corn and wheat close mixed positioning ahead of the WASDE.
AgDay TV Markets Now: Alan Brugler says Conab Estimate Disappoints Soybeans, Corn and Wheat Mixed Pre-WASDE
AgDay TV Markets Now: Alan Brugler, Brugler Marketing, says Conab’s Brazil soybean estimate disappoints the market, while corn and wheat close mixed positioning ahead of the WASDE.
January 10, 2024 09:32 PM
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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.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
Sam Hudson with Cornbelt Marketing says corn and soybeans were firmer on inflationary buying and optimism regarding the China summit. Cattle soared with higher cash.
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