Grains end mixed.  Mark Schultz, Northstar Commodity, says corn had a poor technical close makeing new lows and with December closing below $4 for the first time since December 2020.  Soybeans make new lows as well before closing slightly higher on end of month profit taking but he says $10 is vulnerable on November with August weather favorable.  Wheat traded 2-sided and mixed but may be trying to forge a low as it has dropped to levels that make it globally competitive.  Live cattle were back lower awaiting cash trade, while hogs were up with a persistently stronger cash market.  

Grains end mixed.  Mark Schultz, Northstar Commodity, says corn had a poor technical close makeing new lows and with December closing below $4 for the first time since December 2020.  Soybeans make new lows as well before closing slightly higher on end of month profit taking but he says $10 is vulnerable on November with August weather favorable.  Wheat traded 2-sided and mixed but may be trying to forge a low as it has dropped to levels that make it globally competitive.  Live cattle were back lower awaiting cash trade, while hogs were up with a persistently stronger cash market.

Michelle Rook talks daily with industry analysts to break down agricultural and commodity markets. 

Michelle Rook talks daily with industry analysts to break down agricultural and commodity markets.

Markets Now with Michelle Rook

Michelle Rook talks daily with industry analyst to break down agricultural and commodity markets. 

Michelle Rook talks daily with industry analyst to break down agricultural and commodity markets.