Commodity wide selloff with a risk off day tied to U.S. and China economic news. Better than expected crop rating also took down corn and beans with corn closing below the July low. Allison Thompson, The Money Farm, has details.
Risk Off Melt Down in Commodities Tied to U.S. and China Economic News, Better Crop Ratings: Corn Closes Below July Low
Commodity selloff with a risk off day tied to U.S. and China economic news. Better than expected crop ratings hit corn and beans with corn closing below the July low. Allison Thompson, The Money Farm, has details.
August 15, 2023 02:43 PM
Related Stories
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.
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.
