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Soybeans rally on corrective buying, dry Argentina weather. Corn tries to follow, but poor exports and lower wheat are a drag. Livestock see follow through selling. Shawn Hackett of Hackett Financial Advisors.
AgDay TV Markets Now: Shawn Hacket of Hackett Financial Advisors talks about what drove the corrective rally in soybeans and the focus on Argentina weather and the upcoming USDA data dump.
Demand concerns have been intensifying with the spike in Covid numbers in China. That’s been sending a negative tone across the energy sector, equities and portions of the ag markets.
Soybeans higher on corrective buying, dry Argentina weather. Corn tries to follow but poor exports are a headwind. Cattle & hogs see follow through selling, trade cash. Joe Vaclavik of Standard Grain has analysis.
Grains see a corrective buying with some export biz and dry Argentina weather, but will it hold? Cattle lower after steady cash, hogs lower following cash. Chuck Shelby of Risk Management Commodities has more.
AgDay TV Markets Now: Ted Seifried of Zaner Ag Hedge talks about the third day of fund liquidation in the ag markets and if it’s done?
Individual state crop conditions ratings showed further deterioration of the hard red winter wheat crop during December. Yet it has failed to move the wheat market
Mostly lower closes, except wheat with the third day of fund liquidation in a risk off environment. Is the liquidation done? Ted Seifried of Zaner Ag Hedge has details.
Another day of commodity wide selling and fund liquidation in grain and livestock futures. It’s being driven partly by recession and economic concerns and China COVID cases. Darin Newsome with Barchart has details.
Grains open mostly lower with more fund liquidation, economic and China COVID concerns, will chart support areas hold? Cattle see profit taking and hogs more technical selling. Rich Nelson of Allendale has details.