Grains end mixed with weather supporting soybeans. Dec corn fractionally higher after holding the July low of $4.81, while wheat falls with poor demand, fading war news. Cattle and hogs both end with losses on seasonal weakness and fund selling. Kent Beadle, Paradigm Futures has analysis.
Grains End Mixed with Weather Supporting Soybeans: Cattle and Hogs Both in the Red as Funds Sell
Weather supports soybeans, corn steady after holding the July low, while wheat falls with poor demand, fading war news. Cattle and hogs on seasonal weakness and fund selling. Kent Beadle, Paradigm Futures has more.
August 14, 2023 02:56 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.
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