Wheat Rallies as Ukraine Export Port Blocked, Corn Follows Putting in Weather Premium: Profit Taking in Soybeans and Cattle

Wheat rallies with Russia stopping exports out of a Ukrainian port. Corn follows but is also putting in weather premium. Soybeans and cattle see profit taking. Kevin Duling with KD Investors has details.

Wheat rallies with Russia stopping exports out of a Ukrainian port. Corn follows, but is also putting in weather premium. Soybeans consolidate with products. Cattle also see profit taking with concerns about the debt ceiling talks. Kevin Duling with KD Investors has details.

AgWeb-Logo crop
Related Stories
The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.

Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
Shawn Hackett of Hackett Financial Advisors says with wheat falling nearly $2 off the Sept. 2 contract highs, it isn’t a surprise that China and other buyers would see it as an opportunity to buy.
Read Next
With the lame-duck session looming, lawmakers scramble to mend a divided Ag Committee over SNAP funding as insiders predict another extension.
Get News Daily
Get Market Alerts
Get News & Markets App