AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge, says China may buy more wheat and even corn. So, what will that mean for prices?
AgDay TV Markets Now: Ted Seifried Says China May Buy More Wheat and Even Corn but What Will it Mean for Prices?
AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge, says China may buy more wheat and even corn. So, what will that mean for prices?
December 05, 2023 05:34 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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