AgDay TV Markets Now: Kevin Duling, KD Investors, says wheat makes new lows on technical selling and Russia export news, while corn and soybean see a corrective bounce.
AgDay TV Markets Now: Kevin Duling says Wheat Sees Technical Selling, Row Crops Higher but are “Stuck” in Trading Ranges
AgDay TV Markets Now: Kevin Duling, KD Investors, says wheat makes new lows on technical selling and Russia export news, while corn and soybean see a corrective bounce.
October 31, 2023 05:25 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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