Soybeans adding Brazil weather premium with help from export biz, corn tried to follow but got pulled down by wheat which is seeing profit taking. Cattle struggle to hold gains while keeping an eye on economic news and the FOMC decision. Randy Martinson, Martinson Ag, has more.
Soybeans Add Brazil Risk Premium, Wheat Sees Profit Taking Pulling Down Corn: Cattle Try to Hold Gains
Soybeans add Brazil weather premium with help from export biz, corn tried to follow but got pulled down by wheat which is seeing profit taking. Cattle struggle to hold gains. Randy Martinson, Martinson Ag, has more.
December 11, 2023 11:40 AM
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Rich Nelson, chief strategist for Allendale says row crops are pausing right now until the weather story is really decided, while wheat is concerned about rising tensions in the Black Sea region.
Kevin Duling with KD Investors says corn and soybeans eased with a 1% improvement in ratings, while the weather is moderating.
Dave Chatterton with Strategic Farm Marketing says the market initially traded the heat for this week which is unwelcome for corn during pollination time.
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