Wheat up on China export biz and that pulls up corn which also saw Mexico sales. Soybeans and meal fade on China news and Brazil rain chances. Cattle make new lows but are they close to a bottom? Gold hits record highs. John Payne, Hedge Point Global Markets has details.
Wheat Rallies on China Biz and Pulls up Corn, Soybeans Fade: Cattle Hit New Low, Gold Hits Record Highs
Wheat up on China export biz, pulling up corn. Soybeans fall on China news, Brazil rain chances. Cattle make new lows but are they bottoming? Gold hits record highs. John Payne, Hedge Point Global Markets has more.
December 04, 2023 11:38 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.
