Grains end higher with soybeans holding Brazil weather premium, corn follows and wheat was oversold and saw short covering. Cattle see long funds selling on any strength while hogs saw pressure from lower cash and China herd liquidation. DuWayne Bosse, Bolt Marketing, joins us from the tractor cab.
Soybeans Hold SA Weather Premium, Corn and Wheat Follow with Corrective Buying: Funds Sell Livestock
Grains up with soybeans adding Brazil wx premium, corn follows and wheat saw corrective buying. Cattle see long funds selling on any strength, while hogs fall. DuWayne Bosse, Bolt Marketing, joins us from the tractor.
November 21, 2023 02:51 PM
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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.
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