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
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
The change implements provisions in the One Big Beautiful Bill Act and updates long-standing Farm Service Agency rules that had capped many entity-based operations at a single payment limit.
