AgDay TV Markets Now: Brian Grete, Pro Farmer, talks about the big rally in soybeans and meal and if prices will climb past $14 resistance, plus corn scores a key reversal.
AgDay TV Markets Now: Brian Grete Discusses the Big Rally in Soybeans and Meal, Plus a Key Reversal in Corn
AgDay TV Markets Now: Brian Grete, Pro Farmer, talks about the big rally in soybeans and meal and if prices will climb past $14 resistance, plus corn scores a key reversal.
November 13, 2023 05:22 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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