Grains Prices See Early Pressure Drug Down by Wheat and Risk Off: Livestock Mixed with Cattle Higher Anticipating Higher Cash

Grains open under pressure with a sharp selloff in wheat a drag, plus the outside markets. Cattle futures see early bounce with higher cash ideas. Michelle Rook gets details with Randy Martinson of Martinson Ag.

Grains open under pressure with a sharp selloff in wheat dragging the rest of the complex down, plus the risk off from outside markets continues. Cattle futures see early bounce with higher cash ideas supportive, while hogs correct. Michelle Rook gets details with Randy Martinson of Martinson Ag.

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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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