It's December 7, Pearl Harbor day, with potential historical market impacts. Livestock markets, may see changes, influenced by past trends during this period.
It's December 7, Pearl Harbor day, with potential historical market impacts. Livestock markets, may see changes, influenced by past trends during this period.
Feeder cattle market declines, with Jan feeders losing $4.57. Price discovery concerns emerge, impacting sale barns and negotiations with packers.
China's rapid buying spree has led to a substantial rally in Chicago soft red winter wheat prices. China has purchased around 87% of the USDA's allotted soft red winter wheat through June 1, impacting export numbers and likely reducing the carryout.
The cattle market is undergoing significant pressure as index funds seek to exit their positions. The cash market is gradually decreasing, but the main concern is the index funds' desire to divest from cattle.
Soybean prices opened lower in anticipation of rains in North Central Brazil. The region experienced below-normal moisture in November, and the forecast for December suggests modest rainfall
Corn futures surge to 462.5, rebounding from recent lows. No December corn deliveries signal market resilience. Solid export sales for corn, sorghum, wheat, and soybeans drive positive momentum.
Cattle futures gain momentum at $175; Nebraska reports developing trade with strong bids. Feeder cattle fluctuates, index drops, and markets await widespread cash trade dynamics for further direction and stability.
Grain markets experience volatility; corn faces lower prices, soybeans surge 18.75 cents with soybean oil leading. Wheat reverses multi-year lows, influenced by Brazilian weather concerns.
Grain futures show soybeans rising amid mixed sessions, while corn and wheat hit multi-year lows. December contracts expire Thursday, with market rumors and concerns about deliveries impacting prices. Soybean market influenced by China's bean purchases, disappointing rains in Brazil, and upcoming critical reproduction stage.
As unexpected rain patterns in Brazil lead to a 20-cent drop in soybean prices and discussions about potential replanting. Delve into the market dynamics, where shifting crop preferences, influenced by uneven standards and failed soybean crops, may pave the way for a shift to cotton.
