Closing Market Report- 10/12/22- Soybeans Higher on the Day After October WASDE Report Release


After the release of the October WASDE report, soybeans moved to the upside amid a lower U.S. yield estimate on the report. Corn was fairly firm on the day while wheat slipped lower. Livestock were mixed to higher on the session as we saw decent support in the hog market.

Farm and Ranch Director Jesse Allen has our closing report:

More analysis of the October report and more with Mike Zuzolo of Global Commodity Analytics and Jesse Allen on today’s Market Talk below: