Soybeans, meal and corn fall with end of month profit taking, but watching SA weather, China export news and outside markets like crude oil, plus the FOMC meeting. Cattle extend gains and start to fill chart gap areas, plus a 4th up day for hogs. So can livestock continue this momentum? Chip Nellinger, Blue Reef Agri-Marketing has details.
Soybeans, Meal and Corn See Profit Taking, Watching SA Weather, Outside Markets: Livestock Continue to Rally
Soybeans, meal and corn fall on profit taking, watching SA weather, China export news, crude oil. Cattle and hogs extend gains, can they keep going? Chip Nellinger, Blue Reef Agri-Marketing has details.
October 30, 2023 02:48 PM
Related Stories
Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
After a down day on Tuesday the grain markets were higher early Wednesday a result of short covering according to Lane Akre, economist with Pro Farmer. However, he thinks the market has also taken out too much weather premium.
Dan Basse, president of Ag Resource Company, believes China bought a half million tons of U.S. soybeans last week.
Read Next
The Feikemas use cattle and hog waste to fuel 7,000 crop acres, eliminate insecticides and even guide land purchase decisions.
