Corn falls and soybeans make new lows for the move and nears critical support with exports a MYL, plus better Brazil wx. Wheat bounces on short covering. Cattle 2-sided with beef lower and cash higher. Crude oil continues to rebound, what’s driving it? Darin Newsom, Barchart, has more.
Soybeans Make News Lows, Corn Follows but Wheat and Crude Oil Rally: Cattle 2-sided
Corn falls and soybeans make new lows for the move w/exports a MYL, & better Brazil wx. Wheat bounces on short covering. Cattle 2-sided with beef lower, cash higher. Crude oil up. Darin Newsom, Barchart, has more.
January 05, 2024 09:19 AM
Related Stories
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.
Read Next
The U.S. House approved legislation to allow year-round sales of E15 gasoline nationwide, aiming to lower fuel prices while facing pushback over potential refinery costs and the impact on the national debt.
