AgDay TV Markets Now: Jeff Hoogendoorn, Professional Ag Marketing, says corn bounces off contract low, soybeans fall but Brazil crop concerns not over.
AgDay TV Markets Now: Jeff Hoogendoorn Says Corn Bounces Off Contract Low, Soybeans Fall but Brazil Crop Story Not Over
AgDay TV Markets Now: Jeff Hoogendoorn, Professional Ag Marketing, says corn bounces off contract low, soybeans fall but Brazil crop concerns not over.
December 21, 2023 04:51 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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