Grain and livestock futures open mixed seeing profit taking and positioning ahead of the USDA’s supply and demand numbers. It is a big week for the markets. Michelle Rook explains with Mike Minor of Professional Ag Marketing.
Markets Open Mixed Ahead of WASDE
Grain and livestock futures open mixed seeing profit taking and positioning ahead of the USDA’s supply and demand numbers. Michelle Rook talks with Mike Minor of Professional Ag Marketing.
September 13, 2022 02:54 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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