Soybeans lead the grains mostly higher with technical buying and putting in Brazil weather premium. Cattle fall with higher feed prices and fund liquidation. Randy Martinson, Martinson Ag, has more.
Soybeans Lead Grains Higher Putting in Brazil Weather Premium: Cattle See More Fund Selling with Higher Feed
Soybeans lead the grains mostly higher with technical buying and putting in Brazil weather premium. Cattle fall with higher feed prices and fund liquidation. Randy Martinson, Martinson Ag, has more.
November 21, 2023 09:24 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.
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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