AgDay TV Markets Now: Allison Thompson, The Money Farm, says grains see fund selling with a risk off day in outside markets, China’s GDP tanks soybeans and meal.
AgDay TV Markets Now: Allison Thompson says Fund Selling Hits Grains, Where Will They Find Support?
AgDay TV Markets Now: Allison Thompson, The Money Farm, says grains see fund selling with a risk off day in outside markets, China’s GDP tanks soybeans and meal.
January 17, 2024 06:30 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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