Soybeans close higher following products on Brazil weather and outside market support as the dollar plunges after the CPI data. Corn firmed into the close. Wheat mixed despite the sharply lower dollar. Cattle supported by the equity rally, with profit taking in hogs. Jeff Hoogendoorn, Professional Ag Marketing, has details.
Row Crops End Higher on Brazil Weather, Lower Dollar Due to CPI Data: Cattle Supported by Equity Rally
Soybeans complex higher on Brazil weather, outside markets and CPI data, corn followed. Cattle rally with equities, with profit taking in hogs. Jeff Hoogendoorn, Professional Ag Marketing, has details.
November 15, 2023 08:09 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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