2023 was a lower year for nearly every major ag commodity market except cattle. Randy Martinson, Martinson Ag, recaps the year and looks ahead at what may move the markets to start 2024.
Grain and Livestock Markets Mostly Lower for Last Day of 2023 and For the Year
2023 was a lower year for nearly every major ag commodity market except cattle. Randy Martinson, Martinson Ag, recaps the year and looks ahead at what may move the markets to start 2024.
December 29, 2023 01:52 PM
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Soybeans ended higher as rumored export business was confirmed by USDA with a flash sale of 13.2 million bu. sold to unknown destinations. However, China was also looking for corn and wheat.
Wednesday morning USDA reported a flash sale of 13.2 million bushels of soybeans to unknown destinations and Randy Martinson with Martinson Ag says the market is betting that its China.
Soybeans were sharply lower in the overnight trade and then saw a gap higher open during the day session on talk that China was in pricing U.S. soybeans says Brian Grete with Commstock Investments.
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