Corn sees report hangover with lower wheat, soybeans pop with lower Brazil production and a record crush figure. Cattle try to hold gains watching wx. and awaiting cash, hogs look tired and concerned about hogs backing up. Vince Boddicker, Farmers Trading Company, has more.
Corn and Wheat Lower, While Soybeans Bounce on Crush & Lower Brazil Crop: Cattle Firm with Higher Beef
Corn sees report hangover with lower wheat, soybeans pop with lower Brazil crop, record crush. Cattle try to hold gains watching wx, cash, while hogs look tired. Vince Boddicker, Farmers Trading Company, has more.
January 16, 2024 01:24 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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