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
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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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