Tuesday Channel Final Bell with Jim McCormick with AgMarket.Net | 10/1/24

The Final Bell

Corn broke through its 100-day moving average, signaling a key technical shift in the market. Meanwhile, geopolitical tensions are rising with Iran launching missiles into Israel, adding uncertainty to global markets. Domestically, good harvest weather is helping farmers, but the focus is also on South American weather—could it be a game changer for global crop production? Crude oil has pulled back from its highs, while the U.S. is facing storage issues for soybeans. In the cattle market, feeder cattle saw a drop, raising questions again about the corn marriage.