Grains seeing a corrective bounce after KC wheat hit new contract lows yesterday but trading weather, export news and war headlines. Live cattle continue to correct while feeders are down with higher corn, but is the bull market over? Crude oil down hard trading geopolitical headlines. Darin Newsom, Barchart, covers it all!
Grains See a Corrective Bounce: Cattle Mixed, Geopolitical News Pressures Crude Oil
Grains seeing a corrective bounce but trading weather, export news and war headlines. Live cattle continue to correct. Crude oil pressured on geopolitical news. Darin Newsom, Barchart, has more.
October 26, 2023 09:22 AM
Related Stories
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.
Sam Hudson with Cornbelt Marketing says corn and soybeans were firmer on inflationary buying and optimism regarding the China summit. Cattle soared with higher cash.
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.
