Wheat rallies with talk of China looking for U.S. wheat and seeing corrective buying, while soybeans are off highs after hitting chart resistance and watching Brazil rain chances, plus the lack of China biz confirmation. Corn hits more new lows but is trying to hold. Cattle and hogs continue to recover, so are the lows in? DuWayne Bosse, Bolt Marketing, has more.
Wheat Rallies on Talk of China Biz, Row Crops 2-Sided: Cattle and Hogs Confirming Lows?
Wheat rallies with talk of China biz, plus corrective buying, Soybeans off highs w/Brazil rain chances, corn makes new lows. Cattle & hogs consolidating, so are the lows in? DuWayne Bosse, Bolt Marketing, has more.
November 29, 2023 11:48 AM
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Jon Scheve with Scheve Grain says the grain markets are looking for bullish news and without China purchases soon have the grain markets put highs in?
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Corn and soybeans saw early pressure with doubts about the trade deal with China casting a shadow over prices.
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