Soybeans rally on SA weather and China trade talks, which is pulling up corn. Wheat is a reluctant follower with weak demand. Cattle recover from new lows for the move, while hogs follow cattle with China hopes also in the backdrop. Kent Beadle, Paradigm Futures, has details.
Soybeans Lead on China Talks and SA Weather, Spills Over to Corn: Cattle Bounce off Lows and Hogs Follow
Soybeans rally on SA weather and China export hopes, pulling up corn. Wheat is a reluctant follower with weak demand. Cattle recover from new lows for the move, hogs follow. Kent Beadle, Paradigm Futures, has more.
November 13, 2023 11:34 AM
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Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
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