AgDay TV Markets Now: Mike Minor, Professional Ag Marketing, says corn and wheat have a higher week but can they continue to rally?
AgDay TV Markets Now: Mike Minor says Corn and Wheat Have Higher Week but How Far Can They Rally?
AgDay TV Markets Now: Mike Minor, Professional Ag Marketing, says corn and wheat have a higher week but can they continue to rally?
December 01, 2023 07:18 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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