Soybeans lower, corn 2-sided and wheat mixed with end of the month and pre-holiday profit taking and positioning the main driver, although exports were poor except new crop soybeans. What will it take to keep soybeans above $14 and get corn back above $5. Cattle and hogs have traded 2-sided as well, while cattle also await cash direction. DuWayne Bosse, Bolt Marketing, has more.
Grains Mostly Lower on Month End and Holiday Positioning: Livestock 2-Sided
Soybeans lower, corn 2-sided and wheat mixed with month end, pre-holiday profit taking and positioning. Cattle and hogs have traded 2-sided on month end squaring too. DuWayne Bosse, Bolt Marketing, has more.
August 31, 2023 12:07 PM
Related Stories
Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
Sam Hudson of Cornbelt Marketing says soybeans bounced as harvest pressure is subsiding and that should allow a bottom to be forged, especially with China buying.
Read Next
NASS identified a processing error affecting September corn data for Kansas, Nebraska and national figures. The agency says its October forecast of 181.2 bu. per acre remains unchanged, leaving questions about the yield jump.
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.
