Soybeans lead the grains mostly higher with technical buying and putting in Brazil weather premium. Cattle fall with higher feed prices and fund liquidation. Randy Martinson, Martinson Ag, has more.
Soybeans Lead Grains Higher Putting in Brazil Weather Premium: Cattle See More Fund Selling with Higher Feed
Soybeans lead the grains mostly higher with technical buying and putting in Brazil weather premium. Cattle fall with higher feed prices and fund liquidation. Randy Martinson, Martinson Ag, has more.
November 21, 2023 09:24 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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