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
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
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
