Cattle see corrective buying after an ugly day Friday but how much technical damage was done? Hogs trying to consolidate. Corn falls with wheat and soybeans 2-sided. Brad Kooima, Kooima Kooima Varilek, has details.
Live Cattle See Corrective Buying After Ugly Friday, Hogs Consolidate: Corn Falls with Wheat, Soybeans 2-Sided
Cattle see corrective buying after an ugly Friday but how much technical damage was done? Hogs consolidating. Corn falls with wheat and soybeans 2-sided Brad Kooima, Kooima Kooima Varilek, has more.
November 27, 2023 09:17 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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