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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Soybeans ended higher as rumored export business was confirmed by USDA with a flash sale of 13.2 million bu. sold to unknown destinations. However, China was also looking for corn and wheat.
Wednesday morning USDA reported a flash sale of 13.2 million bushels of soybeans to unknown destinations and Randy Martinson with Martinson Ag says the market is betting that its China.
Soybeans were sharply lower in the overnight trade and then saw a gap higher open during the day session on talk that China was in pricing U.S. soybeans says Brian Grete with Commstock Investments.
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