Grains mixed early with soybeans trading the hot dry forecast and strong new crop exports, corn is trying to follow despite a lower wheat. Cattle look tired, while hogs try to bounce with better exports. Global and China economic concerns continue to be a concern for commodity markets. Mike Zuzulo, Global Commodity Analytics has more.
Soybeans Up on Weather and Exports, Corn Tries to Follow with Economic Concerns in the Shadows: Cattle Look Tired with a Bounce in Hogs
Beans up on wx & exports, corn tries to follow despite lower wheat. Cattle look tired, while hogs try to bounce. Global economic news a concern for commodities. Mike Zuzulo, Global Commodity Analytics has more.
August 17, 2023 09:25 AM
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Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
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.
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