Grains Finally Close Higher but Can the Market Build on It? Cattle and Crude Oil Also Rally

Grains finally end higher, but can the market build on it? Cattle make new highs for the move pre-COF, while crude oil rallies in a risk on day. Jim McCormick, AgMarket.Net has more.

Grains finally end higher but is it just a dead cat bounce because the market is oversold? Cattle make new highs for the move heading into the COF, while crude oil rallies in a risk on day with passage of the CR. Jim McCormick, AgMarket.Net has the wrap up!

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Live cattle futures were lower again on Wednesday and have spent several consecutive days under the 100-day moving average. Brad Kooima with Kooima Kooima Varilek says it is looking like more than a healthy correction.
Mark Knight of Farmers Keeper Financial says the market was looking for confirmation of China soybean purchases and now will need to see more sales to continue the rally.
November soybeans failed to close above the key $12 level and Naomi Blohm of Total Farm Marketing thinks the market may be running out of runway as Monday was mostly technical buying.
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