Wheat higher on technical buying and short covering with a weaker dollar but the global balance sheet is extremely tight so when will the market finally give that some respect? Soybeans see profit taking with the disappointing NOPA crush and corn follows it lower. Cattle make all-time highs with strong cash at $183 in the south up $, north at $184-$185 and $292, steady to $2 higher. Kevin Duling, KD Investors, has more.
Wheat Sees Technical Buying, Soybean Correct on NOPA Crush and Corn Follows: All-Time Highs in Cattle With Higher Cash
Wheat higher on short covering with a weaker dollar. Soybeans see profit taking on NOPA crush and corn follows it lower. Cattle make all-time highs with higher cash. Kevin Duling, KD Investors, has more.
September 15, 2023 11:51 AM
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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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