Short Covering Continues in Corn, Wheat on China Sales, Soybeans End Flat: Cattle Bounce but Will it Hold?
Markets Now Closing Markets -12-5-23 Video
Corn and wheat close higher on short covering and China export sales but how high can the markets run? Soybeans consolidate waiting for more Brazil wx news and caught between higher meal and lower bean oil. Cattle see a short covering bounce, but will it hold or be sold? And hogs see profit taking on bearish China news. Ted Seifried, Zaner Ag Hedge, explains.