Corn and soybeans end higher with wheat lower on report positioning and end of the quarter profit taking. That was also true of livestock and the outside markets like crude oil, but macro-economic factors also drove trade. Tommy Grisafi, Advance Trading, explains the money flow moves in all the markets!
Markets End Mixed on Money Flow End of Quarter and Economic Concerns: Grains Await Reports
Grains mixed on report positioning and end of the quarter profit taking. Economic concerns also impacted cattle and outside markets. Tommy Grisafi, Advance Trading, explains all the money flow moves!
September 27, 2023 03:14 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.
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