Soybeans see double digits gains building back Brazil weather premium, with wheat down for the second day on profit taking and corn follows. Cattle futures extend gains for a second day so is the bottom in? Dave Chatterton, Strategic Farm Marketing, has more.
Soybeans Add Risk Premium, While Wheat Sees Profit Taking: Cattle Extend Gains for Second Day
Soybeans rally building back Brazil weather premium, with wheat down for the second day on profit taking and corn follows. Cattle futures extend gains. Dave Chatterton, Strategic Farm Marketing, has more.
December 11, 2023 03:51 PM
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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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