Expert Sees Supply and Demand Problem Driving Up Soybean Oil and Sugar #11
A financial expert is Bullish on Soybean Oil and Sugar #11, predicting they could reach new highs in the fourth quarter. The expert believes a supply and demand problem will arise due to crop conditions and biofuel mandates.
The Cattle Markets are expected to continue trading lower, with the October'26 Feeder Cattle needing to break $306.00 before a real bottom can be found. The expert recommends selling into any market strength until a bottom is established.
The WASDE Report this Friday may lead to lower grain prices, and the expert expects trades in grains to be available soon. Crude Oil's rise could also impact cattle markets.