Corn up for the fifth day on short covering heading into the reports and the lower dollar. Soybeans close back above $13 but struggle due to slow exports and Brazil competition. KC and MN wheat make new lows. Cattle see a technical bounce along with stock market recovery, while hogs rally into the report. Rich Nelson, Allendale has analysis.
Corn Sees Pre-Report Short Covering, Beans Slide on Slow Exports: Cattle Bounce with Equities, Hogs Rally into Report
Corn up on pre-report short covering, beans slide on slow exports. KC and MN wheat make new lows. Cattle see a technical bounce with equities, while hogs rally pre-report. Rich Nelson, Allendale has analysis.
September 28, 2023 03:22 PM
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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