Grains see profit taking and farmer selling post-WASDE with only slight changes, including a 25 mb cut in both corn and wheat ending stocks and a 2 mmt cut in Brazil soybean production. Cattle and hogs see a relief rally with help from softer grains. DuWayne Bosse, Bolt Marketing, has analysis.
Grains See Profit Taking Post WASDE with Minor Adjustments: Cattle and Hogs See Relief Rally
Grains see profit taking & farmer selling post-WASDE w/ 25 mb cut in both corn & wheat ending stocks, 2 mmt cut in Brazil soybeans. Cattle & hogs see a relief rally. DuWayne Bosse, Bolt Marketing, has more.
December 08, 2023 11:45 AM
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
The change implements provisions in the One Big Beautiful Bill Act and updates long-standing Farm Service Agency rules that had capped many entity-based operations at a single payment limit.
