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
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.
Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Read Next
Goliath, meet David. “It’s way past time for everyone to wake up,” says Fenn Church.
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.
