Grains mostly higher on corrective buying after corn and wheat made new contract lows this week. Wheat also rallied on talk of China export sales and a Russian wheat ban and corn may see liquation slowing ahead of first notice day. Soybeans keep an eye on Brazil weather. Cattle and hogs continued to recover but are they confirming lows? Rich Nelson of Allendale has details.
Wheat Leads Grains Mostly Higher on Corrective Buying and Export News: Cattle and Hogs Extend Gains and Confirm Lows?
Grains mostly higher on corrective buying and wheat export news. Soybeans keep an eye on Brazil weather. Cattle and hogs continued to recover but are they confirming lows? Rich Nelson of Allendale has details.
November 29, 2023 07:54 PM
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Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
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