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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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.
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Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
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