Cattle see fund selling resume but is the low really in and did the LRP program contribute to the selloff? Hogs consolidating, while corn and wheat are up with liquidation easing on first notice day and with strong weekly exports. Soybeans drift eyeing extended rain chances in Brazil. Scott Varilek, Kooima Kooima Varilek, has more.
Cattle Retreat, So is the Low Really In? Corn Up as Liquidation Eases on First Notice Day
Cattle see fund selling resume but is the low in? Hogs consolidating, while corn up with liquidation easing on first notice day & with strong weekly exports. Scott Varilek, Kooima Kooima Varilek, has more.
November 30, 2023 09:27 AM
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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.
Kevin Duling with KD Investors says corn and soybeans eased with a 1% improvement in ratings, while the weather is moderating.
Dave Chatterton with Strategic Farm Marketing says the market initially traded the heat for this week which is unwelcome for corn during pollination time.
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