Grains mixed early with soybeans trading the hot dry forecast and strong new crop exports, corn is trying to follow despite a lower wheat. Cattle look tired, while hogs try to bounce with better exports. Global and China economic concerns continue to be a concern for commodity markets. Mike Zuzulo, Global Commodity Analytics has more.
Soybeans Up on Weather and Exports, Corn Tries to Follow with Economic Concerns in the Shadows: Cattle Look Tired with a Bounce in Hogs
Beans up on wx & exports, corn tries to follow despite lower wheat. Cattle look tired, while hogs try to bounce. Global economic news a concern for commodities. Mike Zuzulo, Global Commodity Analytics has more.
August 17, 2023 09:25 AM
Related Stories
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
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.
Read Next
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
