Soybeans end higher and back above the August lows on profit taking, along with corn which got a boost from the Mexican export biz. Markets position ahead of the USDA reports Friday but are the harvest lows in? Wheat was mixed on spreads. Cattle consolidated, digesting the COF but will the market now retest the highs? Are the macro markets preparing for a government shutdown? Alan Brugler, Brugler Marketing, covers it all!
Corn and Beans Higher on Profit Taking, Report Squaring, Export Biz: Cattle Digest the COF, as Macros Eye Govt. Shutdown
Soybeans & corn up on profit taking, report positioning and MX corn export biz, wheat mixed. Cattle consolidate, digesting the COF. Macro markets fear a govt. shutdown. Alan Brugler, Brugler Marketing, covers it all!
September 25, 2023 04:59 PM
Related Stories
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
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.
Read Next
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
