War News Rallies Wheat and Pulls up Row Crops, Corn has Chart Breakout: Cattle Continue to Correct, Hogs Bounce

Wheat sees short covering on war news, spilling over to support row crops. Corn has a chart breakout, so can it keep going? Cattle consolidate, hogs bounce. Dave Chatterton, Strategic Farm Marketing, has details.

Wheat leads the grain rally as Black Sea war news causes short covering and that spills over to support corn and beans. Corn has a chart breakout, so can it keep going? Cattle continue to correct, while hogs bounce with strong exports. Dave Chatterton, Strategic Farm Marketing, has details.

AgWeb-Logo crop
Related Stories
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.
Read Next
NASS identified a processing error affecting September corn data for Kansas, Nebraska and national figures. The agency says its October forecast of 181.2 bu. per acre remains unchanged, leaving questions about the yield jump.
Get News Daily
Get Market Alerts
Get News & Markets App