Wheat Weekly Comments October 16
To start the week wheat opened lower across the board but managed to shake off the early selling pressure and push higher by the end
To start the week wheat opened lower across the board but managed to shake off the early selling pressure and push higher by the end
In Monday’s session corn opened higher and continued to trade with small gains throughout the night. Early support came from thoughts that Friday’s sell off
To start the week soybeans opened lower and traded with losses throughout the session, although soybeans did trim losses going into the close. Early selling
Canola was closed for Canada’s Thanksgiving on Monday. Canola opened Tuesday’s session with gains, but reversed direction and closed lower. Early support came from harvest
Cattle had a rough week, trading lower for the first three sessions but cattle did manage to trade with gains to close out the week
In Monday’s session wheat opened steady in the winter wheat exchanges and lower in Mpls. Early selling was tied to last week’s disappointing performance not
In Monday’s session corn opened lower but quickly recovered to trade with gains throughout the night. Early support spilled over from the higher soybean complex
To start the week soybeans were mostly on the higher side overnight, saw the session highs at the start of the day session and then
Canola traded mostly on the higher side in Monday’s choppy session and closed with decent gains. Support came from the strong gains in the soybean
Cattle posted more lower sessions this week, but the one day the market saw strong gains that were large enough to overshadow the other three