Market Insights with Ben : Grains, Livestock, & Macro Issues
Ben discusses the updates on the overnight market, focusing on grains which have seen some robust activity from China. Weekly export sales were pretty much within the average ranges for wheat, corn, and beans. The markets have shown a bit of strength with beans holding their support close to 13 and corn choppy around the 5 mark. In regard to macro issues, the influence of the Federal Reserve's decisions in 2024 and its likely impact on market activity is also discussed. He acknowledges December tends to see reduced market activity due to upcoming holidays, but projects an increase in activity by January. The livestock market has been volatile, witnessing a significant drop in the past few weeks. However, the possibility of a support system cannot be ruled out. Ben encourages listeners to monitor the livestock market more closely and is open to discussions at any time.
