USDA reports are bearish for all the grains with higher yield, production and ending stocks for corn, beans and wheat. Corn takes out September lows as a result. Cattle make new lows for the move with fund selling and lower cash at $180-$181 South down $4 with North at $181 and $287, down $5 from WA. Brian Splitt, AgMarket.Net, has analysis.
USDA Reports Lean Bearish for Grains with Higher Yields, Ending Stocks: Funds Slam Cattle with Lower Cash
USDA reports are bearish with higher yield, production and ending stocks. Corn takes out September lows. Funds slam cattle with lower cash. Brian Splitt, AgMarket.Net, has analysis.
November 09, 2023 11:52 AM
Related Stories
Brad Kooima of Kooima Kooima Varilek says a market that moves three days against the last trend often confirms a low.
With the bounce on Tuesday and the friendly news from USDA there are hopes that the corn market has put in a low. Randy Martinson of Martinson Ag isn’t sure a bottom has been forged...yet.
Arlan Suderman, Chief Commodities Economist with StoneX says the corn and soybean markets were trading higher yields coming into the report and saw a positive reaction as a result.
Read Next
A rare, late-season cut of 1.6 bu. per acre to the national corn yield dropped ending stocks to 1.758 billion bushels, while stronger export demand trimmed soybean carryout despite record yields across the Western Corn Belt.
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.
