AgDay TV Markets Now: Matt Bennett, AgMarket.Net, says grains see risk off technical selling with corn taking out key support.
AgDay TV Markets Now: Matt Bennett Says Grains See Risk Off Fund Selling
AgDay TV Markets Now: Matt Bennett, AgMarket.Net, says grains see risk off technical selling with corn taking out key support.
October 25, 2023 05:42 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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