Grains higher led by soybeans with SA crop concerns and resulting export biz. Corn bounces off 2-year lows. Cattle and hogs see profit taking despite some higher cash cattle trade. John Payne, Hedge Point Global Markets, has more.
Grains Up Led by Soybeans on SA Crop Concerns, Export Biz: Livestock See Profit Taking, Despite Better Cash Cattle News
Grains up led by beans on SA crop concerns & resulting export biz. Corn bounces off 2-year lows. Cattle & hogs see profit taking despite some higher cash cattle trade. John Payne, Hedge Point Global Markets, has more.
November 03, 2023 11:59 AM
Related Stories
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.
Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Read Next
Goliath, meet David. “It’s way past time for everyone to wake up,” says Fenn Church.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
