Corn and wheat rebound on corrective buying, but soybeans and meal still lower with Brazil rain chances. Cattle and hogs both see more fund selling with higher weights, lower cash. Vince Boddicker, Farmers Trading Company, has more.
Corn and Wheat Recover with Soybeans Down on Brazil Rain Chances: Livestock Fall with Lower Cash, Technical Selling
Corn and wheat rebound on corrective buying, but soybeans and meal still lower with Brazil rain chances. Cattle see more fund selling w/lower cash and hogs follow. Vince Boddicker, Farmers Trading Company, has more.
December 01, 2023 11:38 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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