Grains all higher midday after a mixed start with corn and soybeans oversold and seeing corrective buying and positioning ahead of the WASDE. Cattle firm up with winter weather and higher beef, while hogs are up for the 4th day forming a season low. Kent Beadle, Paradigm Futures, has more.
Grain and Livestock Markets Turn Mostly Higher: Is a Bigger Rally in Store?
Grains all higher midday with corn and soybeans oversold and seeing some corrective buying pre-WASDE. Cattle firm up with winter weather and hogs forming a season low. Kent Beadle, Paradigm Futures, has more.
January 09, 2024 11:54 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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