October brings green days for grain market

Oct 03, 2023

Corn and wheat are the stars this week. By the day's end, December corn had risen by an impressive 12¢. Oh, it zoomed up, closing as high as 23¢. Now, soybeans played a bit hard to get in the morning but eventually joined the party, finishing 2¢ up. What a way to usher in the new month.

While farmers are in full harvest mode, not many of the crops are hitting the market.

The stock market had a bit of a roller-coaster day, ending in a downswing. But the US dollar? It's soaring like an eagle, setting new highs for the year. However, oil prices took a little tumble.

On the livestock side: October hogs took a slight dip and a heads up, there's a USDA report on the horizon. And whispers are, that Brazil's weather might shake things up.

Source : wisconsinagconnection

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