Corn takes out support with harvest pressure, soybeans higher with talk of China biz and wheat sees corrective buying. Grains all higher for the month but harvest prices for crop insurance are lower than last year. Cattle higher but into chart resistance. Randy Martinson, Martinson Ag, has details.
Corn Sees Harvest Pressure, Soybean up on Talk of China Biz, Wheat Sees Corrective Buying: Cattle Into Resistance
Corn takes out support with harvest pressure, soybeans higher with talk of China biz and wheat sees corrective buying. Cattle higher but into chart resistance. Randy Martinson, Martinson Ag, has details.
November 01, 2023 11:46 AM
Related Stories
Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
Sam Hudson of Cornbelt Marketing says soybeans bounced as harvest pressure is subsiding and that should allow a bottom to be forged, especially with China buying.
Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Read Next
Goliath, meet David. “It’s way past time for everyone to wake up,” says Fenn Church.
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.
