Soybeans higher on hot dry weather and better new crop exports, corn tries to follow but fights lower wheat with more technical selling and weak demand. Cattle continue to see fund selling with steady to lower cash, hogs bounce. Mark Schultz, Northstar Commodity has more.
Soybeans Up on Weather and New Crop Exports, Corn Tries to Follow with Technical Selling in Wheat: Cattle Digest Steady/Lower Cash
Soybeans up on hot dry wx & new crop exports, corn follows but fights lower wheat with more technical selling. Cattle see fund selling with steady/lower cash, hogs bounce. Mark Schultz, Northstar Commodity has more.
August 17, 2023 11:57 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.
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