Soybeans and products lead gains adding Brazil weather premium, corn is reluctant follower with wheat making new lows on poor demand. Cattle end mixed and disappoint after the Cattle on Feed Report, and the second big up day in crude oil. Tommy Grisafi, Advance Trading, has analysis.
Soybeans Add Brazil Weather Premium, Corn a Reluctant Follower with Lower Wheat: Cattle Disappoint, Crude Oil Surges
Soybeans up adding Brazil weather premium, corn is reluctant follower with wheat making new lows on poor demand. Cattle disappoint after the COF Report, with crude oil surging. Tommy Grisafi, Advance Trading, has more.
November 20, 2023 03:05 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.
