AgDay TV Markets Now: Garrett Toay, AgTraderTalk, talks about why corn hit new contract lows and why soybeans aren’t more concerned about Brazil’s crop.
AgDay TV Markets Now: Garrett Toay Discusses Why Corn Hit Contract Lows and Soybeans Aren’t Concerned About Brazil’s Crop
AgDay TV Markets Now: Garrett Toay, AgTraderTalk, talks about why corn hit new contract lows and why soybeans aren’t more concerned about Brazil’s crop.
December 20, 2023 08:12 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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