Cattle rally with higher cash up to $173, even a few $174 last week and adding some weather premium. Hogs mixed. Grains fall with improved SA weather, soybeans take out October lows. Scott Varilek, Kooima Kooima Varilek, has more.
Cattle Rally with Higher Cash, Hogs Mixed: Grains Lower with Soybeans Taking Out October Lows
Cattle rally with cash up to $173, few $174 last week and adding weather premium. Hogs mixed. Grains fall with improved SA weather, beans take out Oct. lows. Scott Varilek, Kooima Kooima Varilek, has more.
January 02, 2024 09:15 AM
Related Stories
Soybeans ended higher as rumored export business was confirmed by USDA with a flash sale of 13.2 million bu. sold to unknown destinations. However, China was also looking for corn and wheat.
Wednesday morning USDA reported a flash sale of 13.2 million bushels of soybeans to unknown destinations and Randy Martinson with Martinson Ag says the market is betting that its China.
Soybeans were sharply lower in the overnight trade and then saw a gap higher open during the day session on talk that China was in pricing U.S. soybeans says Brian Grete with Commstock Investments.
Read Next
A two-pass boron strategy at bloom and pod set shows consistent yield payoffs across the Corn Belt, though agronomists warn the line between benefit and toxicity can be narrow.
