Macroeconomics Press Corn and Wheat, Soybeans Bounce with Meal: Cattle Consolidate After COF Meltdown

Corn & wheat see technical selling on macroeconomic concerns, while soybeans put in some South American weather premium. Cattle try to recover after the COF meltdown. Arlan Suderman, StoneX recaps.

Corn and wheat see technical selling on macroeconomic concerns, while soybeans put in some South American weather premium with help from meal. Cattle try to recover after a meltdown in reaction to the COF, while hogs see more contract lows except Dec. Arlan Suderman, StoneX has the recap.

AgWeb-Logo crop
Related Stories
Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
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.
Read Next
NASS identified a processing error affecting September corn data for Kansas, Nebraska and national figures. The agency says its October forecast of 181.2 bu. per acre remains unchanged, leaving questions about the yield jump.
Get News Daily
Get Market Alerts
Get News & Markets App