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Naomi Blohm with Total Farm Marketing says soybeans see another down day with rains that fell in the Corn Belt, including Iowa, and a more favorable extended weather forecast. That brought fund selling pressure in. So she says $10 may not hold on November beans. And while corn saw a little uptick with wheat Monday she says December corn is likely to take out $4. Meanwhile, wheat saw some light short covering and ideas U.S. wheat prices are becoming more competitive. Cattle set back on technical selling after hitting chart resistance and despite last week's $2 higher fed cash trade.
See omnystudio.com/listener for privacy information.
By Michelle RookNaomi Blohm with Total Farm Marketing says soybeans see another down day with rains that fell in the Corn Belt, including Iowa, and a more favorable extended weather forecast. That brought fund selling pressure in. So she says $10 may not hold on November beans. And while corn saw a little uptick with wheat Monday she says December corn is likely to take out $4. Meanwhile, wheat saw some light short covering and ideas U.S. wheat prices are becoming more competitive. Cattle set back on technical selling after hitting chart resistance and despite last week's $2 higher fed cash trade.
See omnystudio.com/listener for privacy information.

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