Grain prices ended mixed on Monday with row crops shaking off the early risk off mood from the outside markets as they held 100 day moving averages. Wheat was pressured by technical selling, rains in Argentina and the early strength in the dollar. Live and feeder cattle futures were mostly higher with technical buying and stronger cash trade ideas. Lean hog futures were also firmer except October with the cash index continuing to rise and provide support. Michelle Rook talks with Pat Von Tersch of Professional Ag Marketing.
Market Prices Leaning Higher on Mondays Close Except Wheat: Shaking Off Early Risk Off Mood
Grain prices ended mixed with row crops shaking off the early risk off in the outside markets. Livestock leaning higher with cash supportive. Michelle Rook talks with Pat Von Tersch of Professional Ag Marketing.
September 19, 2022 02:01 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.
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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