Cattle see more risk of fund liquidation w/weaker cash. Hogs see short covering as they’re oversold and with strong exports. Corn is following a rally in wheat with strong exports and that is pulling soybeans higher. Scott Varilek, Kooima Kooima Varilek has details.
Wheat Rally Pulls up Row Crops: Cattle See Risk Off Fund Selling with Weak Cash, Hogs Bounce with Strong Exports
Cattle see risk off fund liquidation & weaker cash. Hogs see short covering w/strong exports. Corn follows a rally in wheat with strong exports, which pulls beans up. Scott Varilek, Kooima Kooima Varilek has more.
October 05, 2023 11:43 AM
Related Stories
Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
After a down day on Tuesday the grain markets were higher early Wednesday a result of short covering according to Lane Akre, economist with Pro Farmer. However, he thinks the market has also taken out too much weather premium.
Dan Basse, president of Ag Resource Company, believes China bought a half million tons of U.S. soybeans last week.
Read Next
The Feikemas use cattle and hog waste to fuel 7,000 crop acres, eliminate insecticides and even guide land purchase decisions.
