Grains close mostly higher except for KC wheat, seeing corrective buying and crude oil strength. Soybeans led with help from bean oil and SA weather. Are the grains forming bottoms? Cattle lower despite a neutral COF on a lack of cash. Chip Nellinger, Blue Reef Agri-Marketing, has details.
Grains Mostly Higher but are Bottoms Forming? Cattle Disappoint After Neutral COF
Grains close mostly higher on corrective buying and crude oil strength. Are lows forming? Cattle lower despite a neutral COF on a lack of cash. Chip Nellinger, Blue Reef Agri-Marketing, has details.
Related Stories
Mark Knight of Farmers Keeper Financial says the market was looking for confirmation of China soybean purchases and now will need to see more sales to continue the rally.
November soybeans failed to close above the key $12 level and Naomi Blohm of Total Farm Marketing thinks the market may be running out of runway as Monday was mostly technical buying.
Joe Kooima of Kooima Kooima Varilek says funds continue to pressure the cattle futures and he anticipates that will continue after last week’s lower weekly closes.
Read Next
Analysis of 2023–2025 prices found U.S. growers paid more for nearly every seed and crop protection category examined.
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.
