Grains extend gains after reversals and with strong exports and China soybean sales. Kevin Duling, KD Investors, says he can’t confirm a low yet. Cattle consolidate ahead of COF, while crude oil sees profit taking as well.
Grains Hold Gains After Reversals but Is this Bottoming Action?: Cattle and Crude Oil Consolidate
Grains extend gains after reversals, with strong exports & China soybean sales. Kevin Duling, KD Investors, says he can’t confirm a low yet. Cattle consolidate ahead of COF, while crude oil sees profit taking as well.
January 19, 2024 11:35 AM
Related Stories
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.
Vince Boddicker of Farmers Trading Company says while no sales have been confirmed, just the rumors of China in the U.S. market looking for bids brought buyers back into the market.
Read Next
A two-pass boron strategy at bloom and pod set shows consistent yield payoffs across the Corn Belt, though agronomists warn the line between benefit and toxicity can be narrow.
