Corn and beans lose early strength with outside market pressure despite supportive soybean export news. Wheat holds gains on short covering and Ukraine headlines. Cattle continue to consolidate, so is the high in? Hogs extend gains. DuWayne Bosse, Bolt Marketing, has more.
Row Crops Fall with Outside Market Pressure, Wheat Holds on Ukraine News: Cattle Consolidating, Hogs Extend Gains
Corn & beans fade with outside markets despite friendly soybean export news. Wheat holds gains on short covering and Ukraine headlines. Cattle consolidate. Hogs extend gains. DuWayne Bosse, Bolt Marketing, has more.
October 26, 2023 11:33 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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