Row crops up on report positioning on lower yield ideas, wheat hits contract lows technical selling and rain chances in winter wheat areas. Cattle extend gains after a higher week last week, while hogs see short covering. Randy Martinson, Martinson Ag has more.
Row Crops Higher on Report Positioning, Contract Lows in Wheat: Cattle Up Following Strong Week
Row crops up on lower yield ideas in WASDE, wheat hits contract lows on rains in HRW areas. Cattle extend gains after a higher week last week, short covering in hogs. Randy Martinson, Martinson Ag has more.
September 11, 2023 09:26 AM
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.
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.
