Soybeans see harvest pressure & technical selling, taking out the August low. That weighs on corn despite a 64.5 mb Mexico buy. Wheat mixed. Cattle come off lows, while hogs bounce. Kent Beadle, Paradigm futures has more.
Soybeans Take Out Support on Harvest Pressure, Pulling Down Corn Despite Large Mexico Sale: Cattle Come Off Lows
Soybeans see harvest pressure & technical selling, taking out support. That weighs on corn despite a 64.5 mb Mexico buy. Wheat mixed. Cattle come off lows, while hogs bounce. Kent Beadle, Paradigm futures has more.
September 25, 2023 11:38 AM
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
Justices say company cannot face state liability for missing cancer warnings when EPA did not mandate such labels, affecting over 100,000 pending lawsuits.
