Soybeans close higher following products on Brazil weather and outside market support as the dollar plunges after the CPI data. Corn firmed into the close. Wheat mixed despite the sharply lower dollar. Cattle supported by the equity rally, with profit taking in hogs. Jeff Hoogendoorn, Professional Ag Marketing, has details.
Row Crops End Higher on Brazil Weather, Lower Dollar Due to CPI Data: Cattle Supported by Equity Rally
Soybeans complex higher on Brazil weather, outside markets and CPI data, corn followed. Cattle rally with equities, with profit taking in hogs. Jeff Hoogendoorn, Professional Ag Marketing, has details.
November 15, 2023 08:09 AM
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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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