Cattle and hogs recover with a bounce in the stock market and lower corn. Are funds done liquidating? Soybeans make a new low for the move then bounce, but corn and wheat are lower. Harvest pressure, report positioning, rains in HRW areas are all factors. Brad Kooima, Kooima Kooima Varilek says details.
Livestock Recover with Higher Equities: Soybeans Make New Lows then Bounce, Corn and Wheat Lower
Cattle and hogs recover with a bounce in the stock market and lower corn. Soybeans bounce off new lows, but corn and wheat are lower. Brad Kooima, Kooima Kooima Varilek says details.
October 10, 2023 09:40 AM
Related Stories
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
After a down day on Tuesday the grain markets were higher early Wednesday a result of short covering according to Lane Akre, economist with Pro Farmer. However, he thinks the market has also taken out too much weather premium.
Read Next
The Feikemas use cattle and hog waste to fuel 7,000 crop acres, eliminate insecticides and even guide land purchase decisions.
