Ag markets rebound seeing corrective buying except corn which hits contract lows. Cattle surge with a limit up day in Jan feeders. Can the markets build on this recovery and why didn’t corn follow? Tomm Pfitzenmaier, Summit Commodity Brokerage has more.
Markets Recover in All but Corn Which Hits Three Year Lows: Cattle Surge with Jan Feeders Limit Up
Ag markets see corrective buying except corn which hits contract lows. Cattle surge with a limit up day in Jan feeders. Can the markets build on this recovery Tomm Pfitzenmaier, Summit Commodity Brokerage has more.
November 28, 2023 02:34 PM
Related Stories
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.
Read Next
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
