A higher midday trade except corn. Soybeans supported by China demand news and rally in meal tied to Argentina weather. Wheat and hogs up on end of the month short covering, while cattle rally with some $155 cash. Jeff Hoogendoorn of Professional Ag Marketing has details.
Markets Mostly Higher at Midsession, Except Corn
A higher midday trade except corn futures, with new highs for the move in soybeans. Michelle Rook gets details with Jeff Hoogendoorn of Professional Ag Marketing.
November 30, 2022 11:36 AM
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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
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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.
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