Wheat ends higher on fund short covering and China export biz. Soybeans drop removing Brazil weather premium. Corn caught in the middle and ends nearly flat. Cattle make new lows, so how much more downside risk is left? Gold market makes new highs then reverses. Alan Brugler, Brugler Marketing, has details.
Wheat Higher on China Sales, Soybeans Remove Brazil Risk Premium: Cattle Make New Lows, Gold Retreats From New Highs
Wheat ends higher on fund short covering and China export biz. Soybeans remove Brazil weather premium, so corn ends flat. Cattle make new lows, gold reverses off new highs. Alan Brugler, Brugler Marketing, has more.
December 05, 2023 07:37 AM
Related Stories
Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
Read Next
Goliath, meet David. “It’s way past time for everyone to wake up,” says Fenn Church.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
