Soybeans see profit taking with Brazil rain, corn and wheat supported by export sales and corrective buying. Cattle 2-sided awaiting cash news but trying to forge a low, while hogs are quietly mixed. Chuck Shelby, Risk Management Commodities, has more.
Profit Taking Hit Beans, Pulls Corn and Wheat Off Highs: Cattle 2-Sided Awaiting Cash
Soybeans see profit taking w/Brazil rain, corn & wheat supported by export sales, corrective buying. Cattle 2-sided but trying to make a low, while hogs are mixed. Chuck Shelby, Risk Management Commodities, has more.
November 22, 2023 11:40 AM
Related Stories
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
Rich Nelson, chief strategist for Allendale says row crops are pausing right now until the weather story is really decided, while wheat is concerned about rising tensions in the Black Sea region.
Read Next
Penfield, Illinois auction delivers record sales while nearly-new 8R 370s fetch $385K at separate Missouri sale.
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.
