Soybeans lower with no new export biz and extended rain chances in Brazil, corn is making new lows on liquidation before first notice day. Wheat sees more corrective buying. Cattle continue to consolidate, with hogs lower. Randy Martinson, Martinson Ag, has more.
Row Crops Lower with Corn Making New Lows, While Wheat Bounces: Cattle Continue Recovery
Soybeans fall w/no export biz & extended rain chances in Brazil, corn hits new lows on liquidation. Wheat sees corrective buying. Cattle consolidating, hogs lower. Randy Martinson, Martinson Ag, has more.
November 29, 2023 09:32 AM
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Soybeans were sharply lower in the overnight trade and then saw a gap higher open during the day session on talk that China was in pricing U.S. soybeans says Brian Grete with Commstock Investments.
Vince Boddicker of Farmers Trading Company says while no sales have been confirmed, just the rumors of China in the U.S. market looking for bids brought buyers back into the market.
Grains saw nice reversals and closed higher on Monday, which was a victory considering the amount of bearish news the market had to absorb according to Kevin Duling with KD Investors.
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