Grains start higher except wheat, then fund selling set in, despite strong corn exports, a lower Brazilian soybean number from CONAB and bean export business to unknown. Live cattle see more profit taking, feeder higher, will hogs hold early gains? Vince Boddicker of Farmers Trading Company has details.
Grains Start Mixed Then Fund Selling Sets In: Live Cattle Consolidate
Beans fade the higher opening, drug down by corn and wheat. Live cattle see more profit taking, feeders up on softer corn. Vince Boddicker of Farmers Trading Company.
Related Stories
Joe Kooima of Kooima Kooima Varilek says the bounce in cattle isn’t unexpected as Friday’s selloff may have been overdone and with the financial markets seeing a recovery.
The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.
Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
Read Next
Grab yer shovel: Hidden in five mason jars, a forgotten hoard of precious coins was discovered beneath a fieldstone wall.
Commodity Market Futures
Futures prices on grains, livestock, oil and more

Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.

Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
