# Agri Marketing Update

> Grain and oilseed futures were mostly higher on the week, led by soybeans breaking trend resistance and corn posting a bullish outside week. Wheat rebounded from fresh lows on Ukraine-Russia escalation and dryness in the region. Lean hog futures rose for a third straight week on fund short-covering and firm pork demand.

- Date: 2024-09-03 · published 2024-09-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9968-agri-marketing-update
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Dryness in the Corn Belt and China's stronger soybean demand support grain prices, although large US and expected Brazilian crops cap gains. Geopolitical risk in the Black Sea and firm hog demand add to near-term support for feed and meat prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- HOGS: bullish ▲
- WHEAT: bullish ▲

## Sources

- agrimarketing.com: https://www.agrimarketing.com/newsletter/index.php?archived=2024-09-03

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.