AgDay TV Markets Now: Tomm Pfitzenmaier, Summit Commodity Brokerage, says ag markets see corrective buying, so why can’t corn follow and instead makes new lows?
AgDay TV Markets Now: Tomm Pfitzenmaier says Ag Markets See Corrective Buying, So Why Does Corn Make New Lows?
AgDay TV Markets Now: Tomm Pfitzenmaier, Summit Commodity Brokerage, says ag markets see corrective buying, so why can’t corn follow and instead makes new lows?
November 28, 2023 06:02 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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