Corn sees harvest pressure, with soybeans rallying on China talk and SA weather/estimates. Wheat sees short covering with the lower dollar. Live cattle filled the chart gap in the Dec but can they keep going? Hogs back up but into chart resistance. DuWayne Bosse, Bolt Marketing, joins us in the tractor while harvesting corn!
Markets From the Tractor on a Higher Day Except Corn: China Talk and SA News Drive Row Crops
Corn sees harvest pressure, soybeans up on China talk and SA news. Wheat sees short covering. Dec live cattle filled the chart gap but can they keep going? DuWayne Bosse, Bolt Marketing, joins us while harvesting corn!
November 02, 2023 11:27 AM
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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.
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