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
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
The change implements provisions in the One Big Beautiful Bill Act and updates long-standing Farm Service Agency rules that had capped many entity-based operations at a single payment limit.
