Mixed markets on Wednesday. Corn, soybeans and cattle saw corrective selling and profit taking, short covering and weather concerns supported wheat. China sanction talk and a looming rail strike mixed in. Michelle Rook has full analysis with DuWayne Bosse of Bolt Marketing.
Markets Close Mixed Wednesday: Corrective Selling, China Tariff Talk, and Rail Strike Mixed In
Mixed markets on Wednesday. Corrective action, China sanction talk and a looming rail strike helped drive action. Michelle Rook has analysis with DuWayne Bosse of Bolt Marketing.
September 15, 2022 05:46 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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