Soybeans surge on SA weather concerns, export biz, lower dollar which pulls wheat higher and corn off two-year lows. Livestock see profit taking after a higher week and despite better cash cattle news. Bryan Doherty, Total Farm Marketing, has more.
Soybeans Surge on SA Weather, Export Biz, Which Pulls up Corn and Wheat: Livestock Down on Profit Taking
Soybeans surge on SA weather concerns, export biz, lower $, which pulls wheat higher, corn off two-year lows. Livestock see profit taking, despite strong cash cattle news. Bryan Doherty, Total Farm Marketing, has more.
November 03, 2023 03:45 PM
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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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