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
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.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
Sam Hudson with Cornbelt Marketing says corn and soybeans were firmer on inflationary buying and optimism regarding the China summit. Cattle soared with higher cash.
Read Next
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
