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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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.
Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
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