Soybeans up adding Brazil wx premium and with fresh export biz, corn is trying to follow while wheat is seeing profit taking. Cattle drift still trying to find a bottom and watching the list of economic data out this week. Allison Thompson, joins us from The Money Farm.
Soybeans Up on Brazil Weather, Export Biz but Corn and Wheat See Profit Taking: Cattle Still Trying to Bottom
Soybeans add Brazil wx premium with fresh export biz, corn tries to follow but falls with wheat on profit taking. Cattle drift still trying to find a bottom. Allison Thompson, joins us from The Money Farm.
December 11, 2023 09:16 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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