Soybeans higher with new contract highs in meal and talk of China biz and corn tried to follow with higher crude oil but was held back by wheat. Wheat saw profit taking with bearish Black Sea export news. Cattle higher with improved cash but can that market recover with the macro climate growing bearish? Shawn Hackett, Hackett Financial Advisors, has more.
Soybeans Rally with Meal, China Biz and Corn Tries to Follow: Cattle Rally with Improved Cash
Soybeans up w/meal and talk of China biz and corn tried to follow. Wheat saw profit taking with bearish Black Sea export news. Cattle higher with improved cash. Shawn Hackett, Hackett Financial Advisors, has more.
October 27, 2023 02:20 PM
Related Stories
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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.
Read Next
The Feikemas use cattle and hog waste to fuel 7,000 crop acres, eliminate insecticides and even guide land purchase decisions.
