Corn and wheat see corrective buying with strong exports and easing of liquidation on first notice day. End of month profit taking hit the soybean complex with an eye on Brazil wx. Cattle fall with lower cash but end off lows, hogs mostly higher. Oliver Sloup, Blue Line Futures, has details.
Corn and Wheat Up on Exports and Corrective Gains, Soybeans Slide: Cattle Retreat with Lower Cash, Hogs Extend Gains
Corn and wheat see corrective buying with strong exports. Profit taking hit the soybean complex with an eye on Brazil wx. Cattle fall with lower cash, hogs mostly higher. Oliver Sloup, Blue Line Futures, has more.
November 30, 2023 02:40 PM
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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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