Corn and soybeans ended lower after the WASDE disappointed the bulls. USDA drops corn yield but with higher harvested acres on corn, ending stocks were raised 19 million bushels and still above 2.2 billion bushels. Soybeans also see a cut to yield but end with a 225 mb carryout which was above estimates. Wheat ended higher with lower global stocks. Cattle hit new highs and then faded. Matt Bennett, AgMarket.Net has details.
Corn and Soybeans End Lower After Disappointing WASDE but Wheat Bounces: Cattle Fade After Hitting Contract Highs
Corn and soybeans ended lower after the WASDE disappointed the bulls. Wheat ended higher with lower global stocks. Cattle hit new highs and then faded. Matt Bennett, AgMarket.Net has details.
September 12, 2023 02:31 PM
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
