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Grains end lower Thursday with livestock to the plus side. Mike Minor, Professional Ag Marketing, says corn and soybean markets saw some early harvest pressure plus some rain chances in Brazil in early October also played a role. Wheat fell with better rain chances in the Central and Southern Plains. However, all the grain markets have technically run into chart resistance. Cattle and hogs and the stock market all rallied together in a delayed reaction to the Fed cutting interest rates for the first time in four years. Minor says that is positive for demand for meat and all commodities. He says the change in monetary policy may also bring some managed money back into the grains.
See omnystudio.com/listener for privacy information.
By Michelle RookGrains end lower Thursday with livestock to the plus side. Mike Minor, Professional Ag Marketing, says corn and soybean markets saw some early harvest pressure plus some rain chances in Brazil in early October also played a role. Wheat fell with better rain chances in the Central and Southern Plains. However, all the grain markets have technically run into chart resistance. Cattle and hogs and the stock market all rallied together in a delayed reaction to the Fed cutting interest rates for the first time in four years. Minor says that is positive for demand for meat and all commodities. He says the change in monetary policy may also bring some managed money back into the grains.
See omnystudio.com/listener for privacy information.

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