Gap lower open on cattle on disappointing cash trade at steady in the South late Friday. Hogs consolidate with cattle and with big supplies. Soybeans rally on SA weather and confirmed China biz, corn tries to follow with a Mexican export sale. Brad Kooima, Kooima Kooima Varilek, has more.
Gap Lower Open in Cattle with Cash Disappointment, Hogs 2-Sided: Soybeans Rally with China Biz, SA Weather and Corn Tries to Follow
Gap lower open in cattle on disappointing steady So. cash trade Friday. Hogs consolidate w/cattle. Soybeans rally on SA weather & China biz, corn tries to follow w/MX biz. Brad Kooima, Kooima Kooima Varilek, has more.
November 06, 2023 09:16 AM
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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.
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Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
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