Cattle gain strength with improving cash of $185 in the south, $186 in the North, and shaking off the lower stock market. Hogs see more short covering. Corn and soybeans rally on corrective buying, talk of China soybean business and higher meal. Wheat sees profit taking with Ukraine moving grain through the corridor. Scott Varilek, Kooima Kooima Varilek, joins us.
Cattle Rally with Improving Cash, Short Covering in Hogs: Corrective Buying in Row Crop on Talk of China Sales
Cattle strong on higher cash, shake off lower equities. Hogs see more short covering. Corn & soybeans see corrective buying w/talk of China soybean biz, higher meal. Scott Varilek, Kooima Kooima Varilek, joins us.
October 27, 2023 01:00 PM
Related Stories
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
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.
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.
