AgDay TV Markets Now: Scott Varilek, Kooima Kooima Varilek, says cattle fade bearish COF, while grains up on short covering and end of year positioning plus underlying demand.
AgDay TV Markets Now: Scott Varilek says Cattle Fade COF, Grains Up on Short Covering and Demand
AgDay TV Markets Now: Scott Varilek, Kooima Kooima Varilek, says cattle fade bearish COF, while grains up on short covering and end of year positioning plus underlying demand.
December 26, 2023 05:07 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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