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Tuesday Channel Final Bell with Kyle Bumsted | 10/22/24
Manage episode 446412975 series 3037823
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The market saw positive action in both corn and beans, with corn pushing higher on the back of large option spreads. Export demand for grains remains strong, helping to support the upward momentum. However, winter wheat planting is facing some delays, causing concern in the wheat market. Meanwhile, cattle traders are eagerly awaiting the Cattle on Feed (COF) report, which could further influence market direction. The cattle market has shown higher movement, bolstered by commercial buying activity, but the industry is cautious, waiting for more data before making bigger moves.
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