![]() ![]() Yeager: I think you even said this week it's on sale and a good deal.īlohm: It is on sale and a good deal. ![]() It needs to be bought here at these levels. And of the grain complex right now wheat, in my opinion, is oversold. Why does it have to be such a pain in the rear of the wheat market?īlohm: It is right now just a short-term anchor but I think that's a story that is going to continue to get friendly. ![]() Yeager: Joining us now to provide some insight is Naomi Blohm. And the Goldman Sachs Commodity Index lost more than 7 points to finish at 626.05. December crude oil added 11 cents per barrel. And the December lean hog contract increased by $6.88. The livestock market was higher as December cattle added $4.65. Over in the dairy parlor, November Class III milk futures went up 71 cents. December cotton shrank $3.90 per hundredweight. The rapid pace of harvest has fed into China looking at U.S. ![]() For the week, the nearby wheat contract dropped nine cents, while the December corn contract lost six cents. Harvest pressure has found its way into the trade but wheat has struggled the most, even with combine season in the rear-view. ![]()
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