Turnaround Tuesday fueled follow through strength in grains on Chinese soybean buying, wheat weather risks, cautious livestock seasonals, and firm metals despite mixed energy.
Turnaround Tuesday fueled follow through strength in grains on Chinese soybean buying, wheat weather risks, cautious livestock seasonals, and firm metals despite mixed energy.
Grain markets rebound as funds buy value, China soybean rumors surface, WASDE expectations support grains, livestock mixed, metals surge, dollar softens, energy firms modestly higher
Grains sagged as soybean deliveries crushed beans, corn gains muted despite huge exports, wheat weak, livestock rallied sharply, metals and energy slid on year end liquidation.
Year end trade is quiet with low volume as grains fade post Santa Claus Rally while Argentina dryness looms and livestock mixed into contract expiration.
Grain futures sold off after last week’s rally as tax year selling dominated despite export activity while livestock mixed and metals collapsed on profit taking
Grain markets softened on peace deal hopes and no new sales while cattle rebounded metals surged crude weakened and traders eye short covering and January reports.
Soybeans led a holiday rally on Chinese buying, short covering, and Argentina dryness. Corn closed above 450, wheat recovered, cattle mixed, hogs pressured.
Grain markets firm led by wheat on Black Sea disruptions corn supported by exports soybeans steady cattle weaker metals and energy higher into Christmas Eve.
Grain and livestock futures strengthened as wheat led on Black Sea risk, soybeans rose on China sales and policy hopes, cattle firmed, metals surged on dollar weakness.
Grain futures mixed with wheat stabilizing, corn resilient without China, soybeans searching for technical support, while livestock and metals posted strong gains.