Closing Comments October 28, 2024
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The Oct COF report came out close to expectations, except for placements, which were above expectations. The report should be neutral to friendly live cattle
To start the week wheat opened the overnight session mixed with Chicago steady while Mpls and KC were higher. All three exchanges were able to
Corn started the week by opening the overnight session lower but managed to shake off the early selling pressure and push higher. Early support came
Soybeans saw small gains overnight and added to the gains in the day session to close with good gains on Monday. Support came from improving
Canola spent all of Monday’s session on the higher side and closed with decent gains. Support came from the higher soybean oil and Malaysian palm
Cattle started the week on the defense but managed to see back and forth trading the rest of the week to end the week Thursday