AgDay TV Markets Now: John Payne, Hedge Point Global Markets, previews the October WASDE says yield is key.
AgDay TV Markets Now: John Payne Previews the October WASDE Says Yield is Key
AgDay TV Markets Now: John Payne, Hedge Point Global Markets, previews the October WASDE says yield is key.
October 11, 2023 05:49 PM
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Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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Red crown rot is now active in at least eight Midwest states. The significance of the disease is building. The Crop Protection Network estimates 7.7 million bushels of soybeans were lost in 2025 versus 121,000 bushels in 2024.
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