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
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
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.
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.
