Grains mostly higher on shortcovering in corn and wheat EOY, preholiday. Soybeans end mixed watching Brazil wx and demand news. Cattle and hogs end higher Friday and for the week. Darin Newsom, Barchart, has more.
Corn & Wheat up on Short Covering Pre-Holiday, Soybeans Mixed: Cattle and Hogs Score Higher Weekly Closes
Grains mostly higher on shortcovering in corn and wheat EOY, preholiday. Soybeans end mixed watching Brazil wx, demand news. Cattle and hogs end higher Friday and for the week. Darin Newsom, Barchart, has more.
December 15, 2023 02:01 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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