AgDay TV Markets Now: Dave Chatterton, Strategic Farm Marketing explains the big rally in soybeans Monday and why corn and wheat weren’t able to follow.
AgDay TV Markets Now: Dave Chatterton Explains the Rally in Soybeans and Why Corn and Wheat Didn’t Follow
AgDay TV Markets Now: Dave Chatterton, Strategic Farm Marketing explains the big rally in soybeans Monday and why corn and wheat weren’t able to follow.
December 11, 2023 05:36 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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