Soybean fall with rain forecasted for Brazil, corn follows with concerns about rail crossing closures on the Mexican border. Wheat sees short covering with talk of China biz. Cattle consolidate ahead of cash and COF. Kevin Duling, KD Investors has details plus outlook on the dollar and crude oil.
Soybeans Fall on Brazil Forecasts and Corn Follows, Shorts Cover in Wheat: Cattle Consolidate
Soybean fall with Brazil rain forecast; corn follows with concerns about the MX rail issue. Wheat sees short covering with talk of China biz. Cattle consolidate awaiting cash/COF. Kevin Duling, KD Investors has more.
December 19, 2023 02:52 PM
Related Stories
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
DuWayne Bosse of Bolt Marketing says the managed money traders have hit the sell button with charts taking out key support and they may not stop until harvest reaches 60% to 70% done.
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.
