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
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
Rich Nelson, chief strategist for Allendale says row crops are pausing right now until the weather story is really decided, while wheat is concerned about rising tensions in the Black Sea region.
Read Next
Penfield, Illinois auction delivers record sales while nearly-new 8R 370s fetch $385K at separate Missouri sale.
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.
