Risk Off Hits Ag Markets, Plus Harvest Pressure and Low River Levels: Wheat the Exception on Surprise China Buy

Another risk off day in outside markets hurt ag markets, plus harvest pressure and low river levels weighed on soybeans. Wheat held gains on China export biz. Chip Nellinger, Blue Reef Agri-Marketing has more.

Another risk off day in outside markets causes fund selling in ag markets, plus harvest pressure and low river levels weighed on soybeans. Wheat held gains on China export biz. Chip Nellinger, Blue Reef Agri-Marketing has more.

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