Cattle turn mixed after a higher start on the heels of a slightly friendly COF report. Can cattle recover now? Hogs see more technical buying. Soybeans up on disappointing rains in Brazil, while corn 2-sided with beans up and wheat down. Brad Kooima, Kooima Kooima Varilek, has more.
Cattle Mixed After Friendly COF Report: Soybeans Up on Disappointing Brazil Rains, Corn 2-Sided
Cattle turn mixed after a slightly friendly COF report. Can cattle recover? Hogs see more technical buying. Soybeans up on disappointing Brazil rains, corn is 2-sided. Brad Kooima, Kooima Kooima Varilek, has more.
November 20, 2023 09:19 AM
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Sam Hudson of Cornbelt Marketing says soybeans bounced as harvest pressure is subsiding and that should allow a bottom to be forged, especially with China buying.
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Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
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