AgDay TV Markets Now: Naomi Blohm, Total Farm Marketing, discusses what drove the recovery in the grain markets on Thursday.
AgDay TV Markets Now: Naomi Blohm Discusses Thursday’s Recovery in the Grains
AgDay TV Markets Now: Naomi Blohm, Total Farm Marketing, discusses what drove the recovery in the grain markets on Thursday.
December 14, 2023 05:18 PM
Related Stories
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.
Read Next
The U.S. House approved legislation to allow year-round sales of E15 gasoline nationwide, aiming to lower fuel prices while facing pushback over potential refinery costs and the impact on the national debt.
