Soybeans and meal see follow-through selling with report hangover. How much lower do prices go? Corn bounces off support and follows wheat, which may have bottomed? Cattle further consolidate after getting overbought, hogs mixed. DuWayne Bosse, Bolt Marketing, breaks it down.
Soybeans Slide on Report Hangover, Corn Bounces Off Support Following Wheat: Cattle Further Consolidate
Soybeans see follow-through selling with report hangover. Corn follows wheat, which may have bottomed? Cattle further consolidate after getting overbought, hogs mixed. DuWayne Bosse, Bolt Marketing, breaks it down.
September 13, 2023 03:27 PM
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Wednesday morning USDA reported a flash sale of 13.2 million bushels of soybeans to unknown destinations and Randy Martinson with Martinson Ag says the market is betting that its China.
Soybeans were sharply lower in the overnight trade and then saw a gap higher open during the day session on talk that China was in pricing U.S. soybeans says Brian Grete with Commstock Investments.
Vince Boddicker of Farmers Trading Company says while no sales have been confirmed, just the rumors of China in the U.S. market looking for bids brought buyers back into the market.
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