Corn and wheat ended lower after the WASDE with technical selling and talk of an extension of the Ukraine export deal. Soybeans were able to shake off higher ending stocks in the report with fresh export business and higher soybean oil. Cattle saw following through selling on the lack of cash trade. Michelle Rook talks with Chip Nellinger Blue Reef Agri-Marketing.
Grains End Mixed After WASDE, Export News: Cattle Await Cash News
Corn, wheat lower after WASDE w/ technical selling and possible extension of export deal. Soybeans shook off higher ending stocks on export biz, higher BO. Michelle Rook w/Chip Nellinger Blue Reef Agri-Marketing.
November 09, 2022 02:19 PM
Related Stories
Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
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.
Read Next
As producers navigate financial strain and D.C. disconnect, realities such as steep input costs, trade frustrations and E15 limbo are becoming decisive factors shaping the rural vote.
