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
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
The change implements provisions in the One Big Beautiful Bill Act and updates long-standing Farm Service Agency rules that had capped many entity-based operations at a single payment limit.
