Soybeans higher with a strong NOPA crush and export inspections plus higher bean oil. Corn lower after hitting $5 chart resistance with harvest progressing. Wheat mixed but its mainly a follower of corn and beans. Cattle consolidate ahead of the COF and despite higher cash and cutouts, hogs fall with soft cash and product values. Brian Grete, Pro Farmer, has more.
Soybeans up on Demand News, Corn Fails Shy of $5, Wheat Mixed: Cattle Consolidate Pre-Report
Soybeans up on demand news and bean oil rally. Corn lower after hitting $5 resistance. Wheat mixed. Cattle consolidate ahead of the COF, hogs fall with soft cash and product. Brian Grete, Pro Farmer, has more.
October 16, 2023 02:29 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.
