Soybeans fall with Brazil rain forecasts pulling down corn, as well as the closure of the Mexican border to rail shipments. Wheat sees corrective buying on Red Sea developments. Cattle are mixed awaiting COF and cash, hogs fall with lower LHI & cutouts. Vince Boddicker, Farmers Trading Company, has details.
Soybeans Fall on Brazil Rain Forecast, Pulls Down Corn, While Wheat Bounces: Cattle Mixed Await Cash, COF
Soybeans fall on Brazil rain forecasts pulling down corn, plus U.S. MX rail issue. Wheat sees corrective buying. Cattle mixed awaiting COF & cash, hogs fall w/LHI. Vince Boddicker, Farmers Trading Company, has more.
December 19, 2023 11:45 AM
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
The change implements provisions in the One Big Beautiful Bill Act and updates long-standing Farm Service Agency rules that had capped many entity-based operations at a single payment limit.
