Grain Markets on the Move: Expert Sees $30.00 Target for Sugar #11

The Livestock and Grain Markets are on the move, but according to one expert, they're not quite there yet. The October'26 Feeder Cattle is dancing around the $315.00 level, and a break below that will be necessary for any rally to occur.

Another 10-30 dollars lower would establish a more solid bottom, in the opinion of this analyst. They're waiting for a pullback to $306.00 before getting long in the Option Market, potentially going all the way down to $286.00.

The Soybean Oil has seen significant gains, but there's still room to grow. A supply and demand problem is expected to manifest in the fourth quarter, driven by US crop conditions and biofuel demand.

Sugar #11 has also surged, with a new contract high set at $19.33. This expert believes it could reach as high as $30.00, citing a 20-year chart showing an upward trend.