Cattle 2-sided, still consolidating but hitting chart resistance. Hogs are still holding gains for the 5th day but are also at resistance areas on the charts. Soybeans follow meal with Mexican export biz and corn follows. Both are seeing corrective buying, watching SA weather and planting progress. Jeff Hoogendoorn, Professional Ag Marketing, has details.
Cattle 2-Sided Hitting Chart Resistance, Hogs Hold Gains: Row Crops See Corrective Buying & Follow Meal, CO
Cattle 2-sided still consolidating but hit chart resistance. Hogs holding gains for 5th day. Soybeans follow meal with export biz and corn follows. Jeff Hoogendoorn, Professional Ag Marketing, has details.
October 31, 2023 12:23 PM
Related Stories
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
Rich Nelson, chief strategist for Allendale says row crops are pausing right now until the weather story is really decided, while wheat is concerned about rising tensions in the Black Sea region.
Read Next
Penfield, Illinois auction delivers record sales while nearly-new 8R 370s fetch $385K at separate Missouri sale.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
