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A weekly market report said cattle futures have declined strongly over the past month, while live cattle fell less aggressively. Corn and soybeans were both lower over the last two weeks, with news of wetter South American weather contributing to recent declines.
China has shown interest in more soybeans but export numbers have not yet reflected it.
Wetter South American weather reduces weather-related supply risk and pressures soybean and corn prices, while weak feeder futures lower cattle values. Limited Chinese export follow-through keeps grain demand modest.
reddsummit.comBrad BeckNov 20, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
