Corn and wheat slide with the lack of export biz and rain in HRW areas. Soybeans and products watch Brazil weather. Cattle extend last week’s gains with ideas of steady cash, hogs mixed waiting for a cash bottom. Kent Beadle, Paradigm Futures, has more.
Corn and Wheat Slide, While Soybeans Up Watching Brazil Weather: Cattle Extend Gains, Hogs Mixed
Corn and wheat slide no new export biz, rain in HRW areas. Soybeans and products watch Brazil weather. Cattle extend last week’s gains with ideas of steady cash, hogs mixed. Kent Beadle, Paradigm Futures, has more.
December 18, 2023 11:42 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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