Grains mostly lower on profit taking, rain chances in Brazil and spillover from outside markets with the lower crude oil and the firmer dollar. Cattle higher for the third day with help from the equity rally, but will it last if the COF is bearish? Hogs see a correction. John Heinberg, Total Farm Marketing, has more.
Grains Mostly Lower on Profit Taking, Brazil Rain Chances, Outside Markets: Cattle Up for Third Day with Help from Equities
Grains mostly lower on profit taking, rain chances in Brazil and spillover from outside markets. Cattle higher with help from the equity rally. Hogs correct. John Heinberg, Total Farm Marketing, has more.
November 15, 2023 02:31 PM
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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.
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Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
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