Corn higher for the 5th day with short cover, a weaker dollar and better exports, while soybeans are back below $13 with talk of China cancellations, lower bean oil and after failing to close above the 100 day MA. Cattle see a nice technical bounce with hogs firm ahead of Hogs and Pigs Report and expected contraction. Mike Minor, Professional Ag Marketing has more.
Corn Higher for 5th Day, Soybeans Below $13 on China Cancellation Talk: Cattle See Technical Bounce, With Hogs Firm Pre-Report
Corn higher with exports, soybeans below $13 on talk of China cancellations. Cattle see a technical bounce with hogs firm ahead of Hogs and Pigs Report. Mike Minor, Professional Ag Marketing has more.
September 28, 2023 11:35 AM
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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.
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