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Soybeans add Brazil weather premium with help from export biz, corn tried to follow but got pulled down by wheat which is seeing profit taking. Cattle struggle to hold gains. Randy Martinson, Martinson Ag, has more.
Soybeans add Brazil wx premium with fresh export biz, corn tries to follow but falls with wheat on profit taking. Cattle drift still trying to find a bottom. Allison Thompson, joins us from The Money Farm.
Generally, the December WASDE sees very few changes as USDA leaves major revisions until the final report in January. However, USDA did lower ending stocks in corn and wheat, as well as cut Brazil soybean production.
AgDay TV Markets Now: Matt Bennett, AgMarket.Net recaps the December WASDE and explains why grains end lower after the report.
Grains fade post-WASDE with only slight revisions on profit taking and Brazil weather. Livestock hold gains above contract lows, but for how long? Matt Bennett, AgMarket.Net has analysis.
Grains see profit taking & farmer selling post-WASDE w/ 25 mb cut in both corn & wheat ending stocks, 2 mmt cut in Brazil soybeans. Cattle & hogs see a relief rally. DuWayne Bosse, Bolt Marketing, has more.
Cattle and hogs higher on corrective buying but will it hold w/lower cash and higher weights? Grains up on export sales heading into the WASDE and watching Brazil wx. Scott Varilek, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Mike Zuzulo, Global Commodity Analytics, discusses the impact China’s economic woes are having on the ag and energy markets.
AgDay TV Markets Now: Mark Schultz, Northstar Commodity, discusses the risk-off selling in grain and cattle futures Wednesday.
Grains see risk off selling following crude oil & profit taking & farmer selling in corn & wheat. Cattle make more contract lows with fund selling and lower cash, hogs mixed. Mark Schultz, Northstar Commodity, has more.