Corn hits 2-year lows then bounces with soybeans which are up on export biz, SA crop concerns and fund buying after taking out chart resistance. Wheat mixed trying to follow beans but suffering from weak demand. Cattle see profit taking awaiting cash. And the dollar is down sharply after putting in a reversal. Darin Newsom, Barchart, has details.
Soybeans Surge on Export Biz & Fund Buying, Corn Tries to Follow Bouncing Off 2-Year Low: Cattle See Profit Taking Awaiting Cash
Soybeans surge on export biz, SA crop concerns & fund buying, corn & wheat try to follow as corn holds 2-year lows. Cattle see profit taking awaiting cash. The dollar is down sharply. Darin Newsom, Barchart, has more.
November 03, 2023 09:16 AM
Related Stories
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.
Read Next
Goliath, meet David. “It’s way past time for everyone to wake up,” says Fenn Church.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
