Closing Market Report- 10/19/21- Soybeans Finish With Solid Strength



Soybeans saw solid strength on the day Tuesday, after a recent Ag media story indicated that demand for renewable fuels will require as many as 30 million more acres of soybeans in the next three years. Corn tested and failed once again at the 50 day moving average while wheat was quietly mixed (minus Minneapolis wheat which was moderately higher). Cattle and hogs had down days with hogs leading to the downside on the day.

Farm and Ranch Director Jesse Allen has our closing market report:

Also, more analysis with Brian Splitt of and Jesse Allen on today’s episode of Market Talk: