Corn and soybeans higher on report positioning and corrective buying end of quarter. Wheat falls with higher dollar. Basis levels have weakened substantially with the low river levels. Cattle fade an early bounce. Nick Tsiolis, Farmers Keeper, has more.
Markets Lean Higher Except Wheat and Cattle with Corrective Buying, Report Squaring: Grain Basis Weakens with Lower River
Row crops higher on report squaring, corrective buying end of quarter. Wheat falls with higher dollar. Basis levels weak with the low river levels. Cattle fade early bounce. Nick Tsiolis, Farmers Keeper, has more.
September 27, 2023 10:01 AM
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Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
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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