Cattle trade 2-sided early awaiting COF but with improved cash ideas, hogs drift with lower cash and cutouts and eying Prop 12 changes. Corn and beans fall with rains in Brazil on light volume. Scott Varilek, Kooima Kooima Varilek, has details.
Cattle 2-Sided Awaiting COF with Better Cash Ideas, Hogs Slide: Corn and Soybeans Fall on SA Rains
Cattle trade 2-sided early awaiting COF but with improved cash ideas, hogs drift with lower cash, cutouts and eye Prop 12 changes, Corn and beans fall with rains in SA. Scott Varilek, Kooima Kooima Varilek, has more.
December 19, 2023 09:22 AM
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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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