AgDay TV Markets Now: Don Roose, U.S. Commodities, talks about how the grain markets reacted to the bearish USDA Reports and huge flash soybean sales.
AgDay TV Markets Now: Don Roose Talks About the Market Reaction to the USDA Reports and Huge Flash Soybean Sales
AgDay TV Markets Now: Don Roose, U.S. Commodities, talks about how the grain markets reacted to the bearish USDA Reports and huge flash soybean sales.
November 09, 2023 05:04 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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