The soybean complex rallies adding Brazil weather premium, while wheat and corn slide on lack of demand. Cattle have confirmed a low but how much recovery is expected? Hogs end mixed but China news may help the market rebound. Shawn Hackett, Hackett Financial Advisors, has insight.
Soybeans Up on Brazil Crop Concerns, Corn and Wheat Slide on Lack of New Export Biz: Cattle Recovery Continues
Soybeans rally adding Brazil weather premium, wheat and corn slide on slow demand. Cattle higher but how much recovery is expected? Hogs mixed. Shawn Hackett, Hackett Financial Advisors, has insight.
December 18, 2023 02:39 PM
Related Stories
Soybeans were sharply lower in the overnight trade and then saw a gap higher open during the day session on talk that China was in pricing U.S. soybeans says Brian Grete with Commstock Investments.
Vince Boddicker of Farmers Trading Company says while no sales have been confirmed, just the rumors of China in the U.S. market looking for bids brought buyers back into the market.
Grains saw nice reversals and closed higher on Monday, which was a victory considering the amount of bearish news the market had to absorb according to Kevin Duling with KD Investors.
Read Next
Labeled as outlaws and facing millions in penalties, Wade and Teresa King face a state government hellbent on environmental justice.
