Corn and wheat see technical buying and short covering early after getting oversold. Soybeans try to follow with 4.4 mb of export biz. Harvest pressure will keep a lid on prices. Hogs advance with higher cutouts and China hopes, with a deeper correction in cattle eyeing the Fed decision. Randy Martinson, Martinson Ag has more.
Corn and Wheat See Technical Bounce, Beans Try to Follow: Deeper Correction in Cattle Eyeing Fed Decision, Hogs Advance
Corn and wheat are oversold see technical bounce early, beans try to follow. Hogs advance with higher cutouts. A deeper correction in cattle eyeing the Fed decision. Randy Martinson, Martinson Ag has more.
September 20, 2023 09:48 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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