AgDay TV Markets Now: Tommy Grisafi, Advance Trading, says soy complex adds Brazil weather premium. Corn reluctant follower as wheat is anchor making new lows.
AgDay TV Markets Now: Tommy Grisafi says Soy Complex Adds Brazil Weather Premium, Corn Reluctant Follower with Wheat as Anchor
AgDay TV Markets Now: Tommy Grisafi, Advance Trading, says soy complex adds Brazil weather premium. Corn reluctant follower as wheat is anchor making new lows.
November 20, 2023 05:19 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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