AgDay TV Markets Now: Mark Schultz, Northstar Commodity, discusses the risk-off selling in grain and cattle futures Wednesday.
AgDay TV Markets Now: Mark Schultz Discusses the Risk Off Selling in Grain and Cattle Markets Wednesday
AgDay TV Markets Now: Mark Schultz, Northstar Commodity, discusses the risk-off selling in grain and cattle futures Wednesday.
December 06, 2023 10:28 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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