Soybeans 2-sided with profit taking in meal but higher bean oil. Corn sees little follow through after the reversal, while wheat is mixed even with the sharply lower dollar on the CPI data. Cattle continue to correct pushed by the equities, while hogs see profit taking after running into chart resistance. Chip Nellinger, Blue Reef Agri-Marketing has more.
Soybeans 2-Sided with Product Tug of War, Disappointing Follow Through on Corn Reversal: Cattle Correction Continues
Soybeans 2-sided with mixed products. Corn disappoints after the reversal, wheat mixed. Cattle correct with equities; hogs see profit taking. Chip Nellinger, Blue Reef Agri-Marketing has more.
November 14, 2023 12:04 PM
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
The change implements provisions in the One Big Beautiful Bill Act and updates long-standing Farm Service Agency rules that had capped many entity-based operations at a single payment limit.
