Cattle turn mixed after a higher start on the heels of a slightly friendly COF report. Can cattle recover now? Hogs see more technical buying. Soybeans up on disappointing rains in Brazil, while corn 2-sided with beans up and wheat down. Brad Kooima, Kooima Kooima Varilek, has more.
Cattle Mixed After Friendly COF Report: Soybeans Up on Disappointing Brazil Rains, Corn 2-Sided
Cattle turn mixed after a slightly friendly COF report. Can cattle recover? Hogs see more technical buying. Soybeans up on disappointing Brazil rains, corn is 2-sided. Brad Kooima, Kooima Kooima Varilek, has more.
November 20, 2023 09:19 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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