Grains mixed early with wheat seeing short covering after new lows in KC and MN, row crops looking for direction and awaiting the FOMC decision. Livestock continue to build on recent gains. Vince Boddicker, Farmers Trading Company, has more.
Grains Mixed Awaiting Fresh News, Fed Decision with Short Covering in Wheat: Cattle and Hogs Continue to Grind Higher
Grains mixed early. Wheat sees short covering after new lows in KC and MN, row crops looking for direction, await FOMC. Livestock building on recent gains. Vince Boddicker, Farmers Trading Company, has more.
November 01, 2023 09:18 AM
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
The change implements provisions in the One Big Beautiful Bill Act and updates long-standing Farm Service Agency rules that had capped many entity-based operations at a single payment limit.
