AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing, discusses why milk futures plunged from mid-October and what the outlook is for the rest of 2023.
AgDay TV Markets Now: Bryan Doherty Explains Why Milk Markets Plunged from Mid-October and Provides 4Q Price Outlook
AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing, discusses why milk futures plunged from mid-October and what the outlook is for the rest of 2023.
November 09, 2023 07:52 AM
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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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