Soybeans hold gains on a strong NOPA crush and higher soybean oil, plus strong export inspections and meal export biz. Wheat is seeing short covering putting in war premium. Corn sees harvest pressure, despite a 79 mb sale to Mexico. Live cattle are higher with strong cash ideas and higher cutouts, feeders falter. Randy Martinson, Martinson Ag, has more.
Soybeans Higher on Demand News, Corn Sees Harvest Pressure: Cattle Lose Early Gains
Soybeans up on strong NOPA and BO. Wheat mostly higher on short covering. Corn sees harvest pressure, despite a 79 mb sale to Mexico. Live cattle higher on strong cash ideas. Randy Martinson, Martinson Ag, has more.
October 16, 2023 11:53 AM
Related Stories
Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
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.
Read Next
NASS identified a processing error affecting September corn data for Kansas, Nebraska and national figures. The agency says its October forecast of 181.2 bu. per acre remains unchanged, leaving questions about the yield jump.
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.
