Corn and wheat see a technical bounce with help from 8.3 mb of corn sold to Mexico. Soybeans make new lows for the move on harvest pressure. A government shutdown was averted which is also helping markets, especially cattle. Randy Martinson, Martinson Ag has details.
Corn and Wheat See Corrective Buying, Soybeans Lower on Harvest Pressure: Markets Calmer as Govt. Shutdown Averted, Including Cattle
Corn & wheat see a corrective bounce, while soybeans are down on harvest pressure. A government shutdown was averted which is also helping markets, especially cattle. Randy Martinson, Martinson Ag has details.
October 02, 2023 09:16 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.
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