After early pressure in the grains with the risk off outside markets, soybean prices are trying to rebound. Beans got help from export business to China and higher meal. Wheat reacts early to higher dollar and technicals and sells off pulling corn with it. Cattle prices are mostly higher with help from higher cash ideas, while hogs are mixed. Michelle Rook has analysis with Ted Seifried of Zaner Ag Hedge.
Soybean Prices Try to Rebound on China Buying but Wheat Pressured by Dollar Early and Pulls Down Corn: Livestock Mostly Higher
Soybean prices rebound on China export biz. Wheat lower on higher dollar and technicals, pulling down corn. Cattle prices mostly higher on higher cash ideas. Michelle Rook talks with Ted Seifried of Zaner Ag Hedge.
September 19, 2022 11:30 AM
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
The U.S. House approved legislation to allow year-round sales of E15 gasoline nationwide, aiming to lower fuel prices while facing pushback over potential refinery costs and the impact on the national debt.
