The grain market comes off the lows but can it close higher pre-report, with headwinds like the Brazil crop and slow demand? How much wx premium does the cattle market need to add? What is the outlook for outside and equity markets? Darin Newsom, Barchart, has answers.
Grains Off Lows but Can it Rally with Big Supplies, Weak Demand and What’s the Outlook for Outside Markets?
Grains off lows but can it rally pre-report, with headwinds like Brazil wx & slow demand? How much wx premium does the cattle market need? What’s the outlook for outside markets? Darin Newsom, Barchart, has answers.
January 10, 2024 11:54 AM
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Arlan Suderman, Chief Commodities Economist with StoneX says the corn and soybean markets were trading higher yields coming into the report and saw a positive reaction as a result.
Kyle Bumsted of Allendale, Inc. says, “The way we rallied off our lows here on Friday and the bounce we saw here on Monday, it does feel like cattle put in some sort of intermediate low.”
Mike Minor of Professional Ag Marketing says corn and soybeans were positioning ahead of the November WASDE with fears of higher yield.
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