Corn and wheat seeing technical selling, but lower crude oil, harvest pressure in corn and removal of war premium are also factors. Soybeans see a corrective bounce. Cattle try to consolidate after a meltdown yesterday. Hogs slide except Dec. Randy Martinson, Martinson Ag, has more.
Corn and Wheat See Technical Selling, Harvest Pressure, Outside Market Influence: Cattle Try to Consolidate After Meltdown
Corn and wheat seeing technical selling, but outside markets, harvest pressure, removal of war premium also factors. Soybeans see a corrective bounce. Cattle try to consolidate. Randy Martinson, Martinson Ag, has more.
October 24, 2023 12:02 PM
Related Stories
Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
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.
Read Next
New state restrictions and a proposed AFIDA overhaul could reshape land deals, reporting, and due diligence for farmers.
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.
